Millrock Takes Equity Stake in Coventry Resources Through Sale of Stellar Copper-Gold Project (Alaska) and Begins Drill Program
VANCOUVER, BC--(Marketwired - July 26, 2017) - Millrock Resources Inc. (TSX VENTURE: MRO) (OTCQX: MLRKF) ("Millrock" or the "Company") is pleased to announce that it has closed the sale of Stellar copper-gold project to Vista Minerals Pty Ltd ("Vista"). Upon completion of the deal, as previously announced, Vista successfully merged with Coventry Resources, which owns an option on the adjacent high-grade copper Caribou Dome Project. Coventry simultaneously announced that it had successfully raised AUS$5.5 million to further exploration. Upon closing of the three-way deal, Millrock now owns a 10.6% of Coventry Resources.