Next Millennium Commercial Corp.

June 05, 2008 13:17 ET

Next Millennium Closes $6 Million Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - June 5, 2008) - Next Millennium Commercial Corp. ("Next Millennium") (TSX VENTURE:NM) announced today that it has closed a non-brokered private placement of 12,000,000 units (the "Units") at a price of $0.50 per Unit (the "Offering"). Each Unit is comprised of one common share and one warrant. Each warrant is exercisable into one additional common share at $1.00 for a one year period. The Units, issued pursuant to the private placement, are subject to hold period expiring on October 5, 2008.

Proceeds from the private placement will be used to fund Next Millennium's previously announced acquisition of Roadrunner Oil & Gas, Inc. ("ROG"), to acquire additional exploration leases and to complete exploration of prospects to be identified on ROG leased lands.

Next Millennium is an oil and gas exploration and development company. Next Millennium's shares are listed on Tier 2 of the TSX Venture Exchange under the symbol "NM".

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Next Millennium Commercial Corp.
    Michael Curtis
    President and Chief Executive Officer
    (514) 793-1915
    (905) 248-5353 (FAX)
    Next Millennium Commercial Corp.
    1812 - 181 University Avenue
    Toronto, Ontario
    M5H 3M7