By Devika Patel
Knoxville, Tenn., Nov. 5 - Richview Resources Inc. said it has completed a C$3.3 million private placement of units.
The company sold 15 million flow-through units at C$0.22 apiece. Each unit consists of one flow-through common share and one non flow-through warrant. Each warrant is exercisable at C$0.35 for two years.
The units will have a four-month hold period.
Richview paid a C$165,000 finder's fee and issued 1.2 million compensation options. Each two-year option is exercisable at C$0.22 for one unit consisting of one non flow-through common share and one common share purchase warrant, which is exercisable at C$0.35.
Richview Resources, based in Toronto, is a base metals and gold exploration company.
| Issuer: | Richview Resources Inc.
|
| Issue: | Flow-through units of one flow-through common share and one non flow-through warrant
|
| Amount: | C$3.3 million
|
| Units: | 15 million
|
| Price: | C$0.22
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35
|
| Fees: | C$165,000, 1.2 million compensation options
|
| Settlement date: | Nov. 5
|
| Stock symbol: | Toronto: RVR
|
| Stock price: | C$0.225 at close Nov. 2
|
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