Millrock Resources Inc. reports that it has staked a large, contiguous block of claims in the Goodpaster Mining District in Alaska. The claims are adjacent to mineral lands owned by Northern Star Resources operator of the Pogo Gold Mine.
Millrock Resources Inc. reports that EMX Royalty Corporation has agreed to make a $1,000,000 equity investment in Millrock through a private placement financing. The subscription price represents a significant premium to Millrock’s current market price. In return for the premium financing, Millrock has agreed to grant certain royalty interests to EMX.