Revolver Resources Inc. Closes First Tranche of Non Brokered Private Placement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/26/12 -- Revolver Resources Inc. (TSX VENTURE: RZ)(the "Company") is pleased to announce that it has closed the first tranche (the "First Tranche") of its non-brokered private placement announced on February 21, 2012. The Company issued 4,000,000 non flow-through units (the "NFT Units") at a price of $0.12 per NFT Unit for gross proceeds of $480,000.
Each NFT Unit consists of one common share and one transferable share purchase warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.15 until March 16, 2013.
In connection with closing the First Tranche of the private placement, the Company has agreed to pay finders' fees in the aggregate amount of $48,000 in cash to various finders (the "Finders") for their efforts in sourcing purchasers for the private placement. The Finders will also receive 400,000 non transferable finders' warrants (each a "Finder's Warrant") representing 10% of the NFT Units placed by the Finders. Each Finder's Warrant entitles the holder to purchase one common share (a "Finder's Warrant Share") at an exercise price of $0.20 per Finder's Warrant Share until March 16, 2013.
All securities issued pursuant to the closing of the First Tranche are subject to a four month and one day hold period expiring on July 17, 2012.
The Company intends to use the proceeds from the non flow-through private placement for exploration and for general working capital.
ON BEHALF OF THE BOARD OF DIRECTORS
Robert L. Birmingham, President
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Revolver Resources Inc.
Robert L. Birmingham
President
(604) 683-8610
(604) 683-8605 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 26.03.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 128335
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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