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Mineral Mountain secures US$5M equity line

Mineral Mountain Mining & Milling Co said Oct. 10 that it has entered into equity purchase and registration rights deals with New York-based Crown Bridge Partners LLC.

The deals will provide Mineral Mountain up to US$5 million for general corporate and working capital purposes.

Under terms of the deal, Mineral Mountain will register 15 million common shares with the U.S. Securities and Exchange Commission.

Crown Bridge can purchase a minimum of US$5,000 worth of shares and a maximum amount up to the lesser of US$100,000 of shares or 150% of the respective average daily trading value.