VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 04/20/12 — Mill Bay Ventures Inc. (TSX VENTURE: MBV)(PINKSHEETS: MLBVF)(FRANKFURT: M4K) (the „Company“) has closed a private placement originally announced on March 6, 2012 for gross proceeds totalling $132,000 through the sale of 2,200,000 Units. Each Unit consists of one common share and one common share purchase warrant (the „Warrant“). Each Warrant will be exercisable at $0.10 for a period of two years following the close of the private placement. The transaction is subject to approval by the TSX Venture Exchange.
For further information on the Company-s exploration properties, please visit the Company-s website at .
ON BEHALF OF THE BOARD
William Glasier, President
This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading „Risk Factors“ and elsewhere in the Company-s periodic filings with Canadian securities regulators. Such information contained herein represents management-s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
Shares issued: 20,246,539
Last Trading Price: $0.06
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.
Contacts: Mill Bay Ventures Inc. Darryl Glasier 604-682-3701 604-682-3600 (FAX)
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