Early Warning
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 12/12/14 -- On December 12, 2014, Relentless Resources Ltd. ("Relentless" or the "Corporation") (TSX VENTURE: RRL) announced that it had closed its previously announced non-brokered private placement (the "Private Placement"). Pursuant to the Private Placement, the Corporation issued 4,513,890 common shares of the Company ("Common Shares") at a price of $0.225 per Common Share and 4,930,740 Common Shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $0.27 per Flow-Through Share for aggregate gross proceeds of approximately $2.35 million. As at the date hereof, Relentless has 61,907,095 Common Shares outstanding.
In accordance with Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, pursuant to the Private Placement:
The Common Shares and Flow-Through Shares were acquired for investment purposes. Each of Mr. Wilson and Mr. Peshke and their family members, as applicable, may, from time to time, on an individual or joint basis acquire additional securities of the Corporation, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position.
All of the securities purchased were acquired in reliance on the "family, friends and business associate" or "employee, executive officer, director and consultant" exemptions of National Instrument 45-106 - Prospectus and Registration Exemptions. Copies of the early warning reports for the individuals listed above will be filed on SEDAR and may also be obtained by contacting the individuals listed below.
Contacts:
Relentless Resources Ltd.
Dan Wilson
CEO
(403) 532-4466 ext. 227 or Mobile: (403) 874-9862
Relentless Resources Ltd.
Ron Peshke
President
(403) 532-4466 ext. 223 or Mobile: (403) 852-3403
Relentless Resources Ltd.
(403) 532-4466
(587) 955-9668 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 12.12.2014 - 21:10 Uhr
Sprache: Deutsch
News-ID 359198
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
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"Early Warning"
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