Millennia Resources AG agrees on CHF 5 million finance package for
implementation of future growth plans
Corporate News transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Hünenberg, Switzerland - May 26, 2008. Swiss company Millennia Resources
AG
('Millennia' or the 'Company') has entered into an agreement with
Capital
Growth Consulting GmbH ('CGC') for a private placement having a volume
of 5 million Swiss francs ('CHF'). By the end of 2008, as part of this
cooperation, CGC will gain institutional investors for the financing of
Millennia's further expansion plans as well as preparing, and assisting
in, the negotiations concerning the acquisition of interests.
The intention is to use the newly acqui red funds for the further
development of the existing resources and the expansion of the company.
Thus, Millennia's CEO Rob Payne and his colleagues on the Executive
Board have embarked on another milestone in the Company's corporate
development.
The planned investment is the outcome of the successful discussions with
a large number of interested investors in April this year. The Company had
already reported on these promising meetings in a corporate news item
released on 18 April 2008.
As a result of its expertise and network, CGC has access to a wide range
of investors world-wide.
Over the next few days and weeks, Millennia will release further
information regarding the specific use of the funds and the Company's
further plans.
Rob Payne, CEO of Millennia Resources AG, commented on the envisaged
round of financing by saying: 'We are thrilled to have found a partner who
shares our vision for the future growth of M illennia. It is a clear indication
of the value of our young company that - despite the difficult market
environment - we were able to gain a renowned partner in CGC, who not
only support us in the raising of further finance but also contribute their
expertise and existing network to this cooperation.'
Daniel Baumgarter, one of the partners at CGC, added: 'We believe in
Millennia's potential and expect a stable growth development over the
medium term. Investments in exploration businesses are arguably always
associated with a certain degree of risk, as is the case for other
industries. However, the analysis of the risk/reward profile has led us
to believe that Millennia is an attractive investment option that we can
present to our investors. Moreover, we have been very impressed with the
management of Millennia and their highly innovative and targeted
approach, which bodes well for the success of this venture.'
About Millennia Resources AG:
Established in 2007, Millennia Resources AG is a Swiss holding company
engaged in the acquisition, exploration and development of mining
projects around the globe, either independently or in cooperation with reputable
partners. At present, the company's activities focus on Canada, where
UVC Uranium Ventures Corporation, its most valuable asset, is based,
operating out of Vancouver, British Columbia. This company possesses considerable
potential in the IOCG+U (Iron Oxide Copper Gold + Uranium) segment, with
deposits in the Canadian Northwest Territories.
About Capital Growth Consulting GmbH:
CGC GmbH is an independent consultancy company who assists companies in
the search of finance and investors in the search for attractive investment
opportunities. We facilitate contacts to investors and buyers and will
be available to you throughout every corporate finance and development
phase.
Our inte grated advisory concept is based on the expert knowledge and
skills of our partners. Our advisory concepts are specifically designed for
your venture and/or project in order to better advance your objectives and
goals. Our contacts include private investors, private equity and
venture capital companies, banks, asset managers and investment funds. But it is
not just the strategy or the concept alone, rather it is the right
action that leads to success. We consistently act in the best interest of our
clients and successfully realize client ventures and projects.
Be it the search for investors or the buying or selling of companies or
real estate, designing succession planning or carrying out divestments -
these transactions always involve a large number of parties. We include
the client as well as the management and other decision-makers of the
various negotiating parties in the process, in good time and as required, and
coordinate all activities until successful completion.
Our services center around the client's objectives
- Customers/clients. We analyze your situation and provide you with a
concrete offer.
- The trusting cooperation between us and our customers/clients, in the
spirit of partnership, is absolutely vital for success.
- Trustworthiness and discretion are indispensable elements of our work.
- Likewise, a professional approach and efficient processing are second
nature to us.
- We are committed to the development of realistic, promising and
feasible concepts and measures, which are coordinated with our
customers/clients along every step of the way.
- We guarantee exclusivity for the mandates/projects taken on by
ourselves.
- We place great stock on continuity. Your contacts will be available to
you from the successful conclusion of the relevant contracts until the
later realization of the investment project (exit strategy).
- The client determines the point in time when confidential project
information and negotiation offers will be disclosed.
- References will only be forwarded with the client's consent.
- Our fee structure is clear and comprehensible.
- We prepare a phase plan for each mandate, which clearly sets out the
timeline and the individual milestones.
In addition, CGC is engaged in the selling of real estate (residential
constructions, apartment buildings, office buildings, shopping malls,
hotel complexes, luxury villas and building plots. This includes both existing
properties and construction projects).
(c)DGAP 26.05.2008
Millennia Resources AG