17,114,925 shares issued and outstanding
MILLSTREAM ANNOUNCES FLOW THROUGH
FINANCING
Date: December 24,1997
At the request of the Canadian Dealers Network (CDN) for comment on the recent market activity of it’s shares, Millstream wishes to release the following:
In addition to the recent press releases of the diamond drill hole #S97-08A on the Potter mine Property, Millstream has secured sufficient funding to continue it’s planned exploration program.
Millstream has closed affective December 22, 1997 at 9:00 a.m. it’s flow-through share offering commenced September 23, 1997. The offering consisted of units in the capital stock of Millstream at a price of $0.35 per unit. Each unit is comprised of one (1) common voting share and one half (1/2) common share purchase warrant, each full purchase warrant being exercisable for twelve months at a price of $0.53.
The private placement flow-through offering has received $1,064,430.50 for a total of 3,041,230 units.
Millstream believes that the significant diamond drill mineralization intervals with their corresponding assays and the sourcing of funding are the material factors effecting the market activities.
The principle objective of Millstream Mines Ltd. is to enhance and develop known mineral properties to production potential. Millstream holds mineral claims or interests, directly or through wholly owned subsidiaries in the Czech Republic, USA and Canada.
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