Metal Tiger PLC (LON:MTR) has subscribed for 300,000 shares in Millennial Silver Corp at a price of C$0.50 per share, for a total investment of C$150,000, as part of Millennial’s C$24mln equity financing in connection with the proposed business combination with 1246768 B.C. LTD (768) to form Millennial Precious Metals Corp.
The acquisition of 768, among other things, will bring in the Wildcat property, the Mountain View property, the Marr property, the Ocelot property, the Eden property and the Dune property in Nevada and a lease and option to purchase the Red Canyon property, also located in Nevada.