Riverstone Raises $1.8 Million
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Riverstone Raises $1.8 Million
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Riverstone Resources Inc. (the "Company") (TSX-V: RVS) announces that it has closed its previously announced non-brokered private placement, raising gross proceeds of $1,800,000.
6,000,000 Units were sold at a price of $0.30 per Unit, each Unit comprises one common share and one non-transferable common share purchase warrant (a "Warrant"). Each Warrant is exercisable to acquire one additional common share at a price of $0.40 per share until February 8, 2011 and at a price of $0.60 per share until February 8, 2012. An additional 400,000 Units having the same terms as the Units issued to the subscribers and 400,000 Warrants were issued to PI Financial Corp., as finder in connection with the financing.
All securities issued are subject to a hold period and may not be traded until June 9, 2010, except as permitted by Canadian securities legislation and the TSX Venture Exchange.
The net proceeds of the private placement will be used for further exploration of the Company's Karma project and for working capital.
ON BEHALF OF THE BOARD
“Michael D. McInnis”
______________________________________
Michael D. McInnis, P.Eng., President & CEO
For further information contact:
Vancouver Office:
Michael D. McInnis, President
Phone: 604-801-5020 Raju Wani, Investor Relations 403-240-0555
Email: info(at)riverstoneresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Leseranfragen:
Riverstone Resources
1125 - 595 Howe Street
Vancouver, BC
Canada V6C 2T5
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Sprache: Deutsch
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