Proceeds of non-brokered deal earmarked for Blackwater Gold project
By Devika Patel
Knoxville, Tenn., Sept. 3 - Richfield Ventures Corp. said it has arranged a C$14.63 million non-brokered private placement of units.
The company will sell 7.5 million units at C$1.95 apiece. Each unit consists of one common share and one half-share warrant. Each whole warrant will be exercisable at C$2.50 for 18 months.
The warrant strike price reflects a 23.08% premium to C$2.08, the closing share price on Sept. 2.
Settlement is expected Sept. 29.
Proceeds will be used to continue exploration on the company's Blackwater Gold project and for general working capital purposes
Richfield is a mineral exploration company based in Quesnel, B.C.
| Issuer: | Richfield Ventures Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$14,625,000
|
| Units: | 7.5 million
|
| Price: | C$1.95
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$2.50
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 3
|
| Settlement date: | Sept. 29
|
| Stock symbol: | TSX Venture: RVC
|
| Stock price: | C$2.08 at close Sept. 2
|
| Market capitalization: | C$56.81 million
|
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