Mill Bay Ventures eight-million-share private placement
Mill Bay Ventures Inc.
V.MBV: TSX-V
Mill Bay Ventures eight-million-share private placement
Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 15, 2011, and amended Sept. 15, 2011.
Number of shares: Eight million shares
Purchase price: 10 cents per share
Warrants: Eight million share purchase warrants to purchase eight million shares
Warrant exercise price: 15 cents for the first six months, 25 cents for the second six months and 50 cents in the second year
Hidden placees: 40 hidden placees
Insider: William Glasier, 250,000
Finders' fees: $2,000 cash payable to Global Securities Corp.; $7,500 cash payable to Union Securities Ltd.; $20,000 cash and 200,000 warrants (same terms as warrants issued pursuant to private placement) payable to Canaccord Genuity Corp.; $3,750 cash and 37,500 warrants (same terms as above) payable to Woodstone Capital Inc.; $1,250 cash and 12,500 warrants (same terms as above) payable to Brant Securities Ltd.; $43,000 cash and 430,000 warrants (same terms as above) payable to Michael Baybak
For further information please contact Darryl Glasier at e-mail: darrylg@shaw.ca
ON BEHALF OF THE BOARD
William Glasier
President
Drilling at depth below the C vein at Valentine Mountain is expected to commence in two weeks, see MBV Inc website: www.millbayventures.com for Jacques Houle, P .Eng. NI 43-101 mineral resource report.
William Glasier, President
Mill Bay Ventures Inc. (MBV.TSX)
(250) 743-4035
billglasier@gmail.com
