Gray Rock Announces Non-Brokered Private Placement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/11/17 -- Gray Rock Resources Ltd. (TSX VENTURE: GRK) (the "Company") is pleased to announce that it has arranged a non-brokered private placement of up to 1,000,000 units at a price of $0.30 per unit. Each unit will consist of one (1) common share and one half (1/2) non-transferrable share purchase warrant. Each warrant will entitle the investor to purchase one additional common share with a term of one (1) year at an exercise price of $0.50 per share.
Cash commissions will be payable in connection with this financing, in accordance with the policies of the TSX Venture Exchange. The net proceeds of this financing will be used to maintain the Company's existing operations, exploration, and general working capital requirements.
The financing is subject to the acceptance of the TSX Venture Exchange. The securities issued by the Company in connection with this financing are subject to a 4-month "hold period" from the date of distribution, as prescribed by the policies of the TSX Venture Exchange and applicable securities laws.
ON BEHALF OF THE BOARD
David Wolfin, President & CEO
Neither the 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. 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.
Contacts:
Gray Rock Resources Ltd.
David Wolfin
President & CEO
(604) 682-3701
(604) 682-3600 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 11.01.2017 - 13:00 Uhr
Sprache: Deutsch
News-ID 516961
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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