Mill Bay Ventures Inc. amends the terms of a private placement initially announced on June 22, 2011 of up to 13,333,333 units at $0.15 per unit.
(1888PressRelease) August 18, 2011 - Mill Bay Ventures Inc. (the "Company") is amending the terms of a private placement originally announced on June 22, 2011 of up to 13,333,333 Units at $0.15 per Unit. The Company will place up to 5,000,000 units (the "Units") at a price of $0.10 per Unit for gross proceeds totaling $500,000. Each Unit will consist of one common share and one common share purchase warrant (the "Warrant"). Each Warrant will be exercisable at $0.15 for six months from the date of issuance, at $0.25 in months seven through twelve from the date of issuance, and at $0.50 in months thirteen through twenty-four from the date of issuance.
The Company may pay a finders fee to certain parties in respect to the private placement in accordance with securities legislation and TSX Venture Exchange policies. The private placement is subject to approval by the TSX Venture Exchange.
Proceeds arising from the sale of the Units will be used for general working capital purposes and to conduct further work programs on its 100% Valentine Mountain gold project, located 35 km northwest of Sooke, BC. (see the Company's news release dated July 19, 2011 regarding drill program results and an updated mineral resource estimate prepared in accordance with NI-43-101 by Jacques Houle, P.Eng. on April 14, 2011. Report on website: www.millbayventures.com.)
For further information please contact Darryl Glasier at e-mail: darrylg ( @ ) shaw dot ca
For further information on the the Company`s exploration properties, please visit the Company`s website at www.millbayventures.com.
Mill Bay Ventures Inc. amends the terms of a private placement initially announced on June 22, 2011 of up to 13,333,333 units at $0.15 per unit. 
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