By Sheri Kasprzak
Atlanta, March 22 - Rcom Venture Corp. said it will raise up to C$1.1 million in a private placement.
The offering includes up to 2 million units at C$0.55 each.
The units are comprised of one share and one half-share warrant. The full warrants allow for an additional share at C$0.75 each for one year.
Based in Vancouver, B.C., Rcom is a mineral exploration and development company. It plans to use the proceeds for working capital.
| Issuer: | Rcom Venture Corp.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1.1 million (maximum)
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| Units: | 2 million (maximum)
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| Price: | C$0.55
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| Warrants: | One warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.75
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| Pricing date: | March 21
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| Stock price: | C$0.57 at close March 21
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