By Laura Lutz
Des Moines, Nov. 26 - Richfield Ventures Corp. completed two private placements of units for a total of C$2.86 million.
The company sold 2,658,723 non flow-through units at C$0.35 apiece and 4,290,085 flow-through units at C$0.45 apiece.
Each non flow-through unit consists of one non flow-through share and one warrant exercisable at C$0.45 for 18 months.
Each flow-through unit consists of one flow-through share and one warrant exercisable at C$0.55 for 18 months.
Richfield is a mineral exploration company based in Quesnel, B.C. Its stock began trading on the TSX Venture Exchange under the symbol "RVC" on Monday.
| Issuer: | Richfield Ventures Corp.
|
| Issue: | Units of one non flow-through share and one warrant; units of one flow-through share and one warrant
|
| Amount: | C$2,861,091
|
| Announcement date: | Nov. 26
|
| Stock symbol: | TSX Venture: RVC
|
| Stock price: | C$0.30 at close Nov. 26
|
|
|
| Non flow-through units
|
| Units: | 2,658,723
|
| Price: | C$0.35
|
| Warrants: | One per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.45
|
|
|
| Flow-through unit
|
| Units: | 4,290,085
|
| Price: | C$0.45
|
| Warrants: | One per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.55
|
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