Mill City Gold to acquire Florida Pharmacy Solutions

Mill City Gold Corp. on Tuesday announced that it has signed a letter of agreement to acquire 100 percent of the issued and outstanding shares of Florida Pharmacy Solutions Inc., a pharmaceutical compounding company located in Zephyrhills, Florida.


FPS provides effective compounds for patients and prescribers. FPS specializes in non-narcotic pain creams as well as creams for wound management, scar management, neurology management, nausea management, dermatology and bio-identical hormones.

To acquire FPS, Mill City Gold will issue 25 million common shares at a deemed value of $0.50 per share for a total consideration of $12.5 million.


Pharmaceutical compounding is a branch of pharmacy that plays a crucial role of drug development. Compounding is the creation of a particular pharmaceutical product to fit the unique need of a patient through combining or processing appropriate ingredients using various tools.

Mill City has been a resource issuer since incorporation. The completion of this transaction will result in a change of business and Mill City Gold will be changing its name to FPS Pharma Inc.

The closing of this transaction is subject to shareholder and regulatory approval.


Mill City is a Canadian based exploration stage resource company focused on gold exploration in the West Timmins Gold District, Ontario.