TSX Venture Exchange Inc. Millstream Mines Ltd.
Symbol YLI 4 King St. Suite 1320
Toronto, Ontario, M5H 1B6
Tel: (416) 368-9595
31,632,043 SHARES ISSUED Fax: (416) 368-0584
FOR IMMEDIATE RELEASE
Date: Sept. 11, 2003
Sept. 10, 2003 Close: $0.205
MILLSTREAM COMPLETES 3.0 MILLION SHARE FINANCING
Toronto, Ontario –Millstream Mines Ltd. (YLI-TSX-V) is pleased to announce that the previously reported $300,000 financing (PR June 10, 2003 & PR July 28, 2003), led by investors and directors, has been completed. A total of 3.0 million units were issued pursuant to the financing.
Each unit consists of one (1) common voting share and one (1) common share purchase warrant with each warrant being exercisable for two (2) years at a price of $0.15 per share. The intended use of the proceeds is for general working capital purposes and incurred expenses. The completed financing will officially close upon acceptance by the TSX Venture Exchange.
Millstream is presently in the midst of a fully funded aggressive exploration program with its joint venture partner, Crowflight Minerals Inc. (CML-TSX-V), on the Sudbury Airport Property (PR Aug. 27, 2003) situated in Falconbridge Township on the south-eastern rim of the basin. The Airport Property has numerous outcrops containing large areas of Sudbury Breccia/ Psuedotachylite structures. These type of structures are the known favourable host for ores in the Sudbury Basin Footwall zones, and are found in the new Nickel Rim South discovery and at other mine locations around the Sudbury Basin.
Millstream would also like to remind the interested public of its website location @ www.millstreammines.com.
The principle objective of Millstream Mines Ltd. is to enhance and develop known mineral properties to production potential.
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For further information contact:
Mr. Ernest Harrison, EM, CEO Phone: 705-474-7282
Mr. Marty Martinello, B.A., V.P. Fax: 705-474-5491
Mr. Robert Chase, B.A., CFO Phone:416-368-9595
Fax: 416-368-6827
Email: info@millstreammines.com
No regulatory authority or similar body approved nor disapproved the information contained herein.