By Sheri Kasprzak
New York, March 20 - Richview Resources Inc. said it intends to raise a minimum of C$1.5 million from a private placement.
The deal includes at least 750,000 units at C$2.00 each.
Each unit consists of four flow-through shares, one non flow-through share and two halves of a warrant.
Each whole warrant is exercisable at C$0.60 each for two years.
Proceeds will be used for exploration on the company's Thierry mine and for working capital.
Based in Toronto, Richview is a mineral exploration company.
| Issuer: | Richview Resources Inc.
|
| Issue: | Units of four flow-through shares, one non flow-through share and two half-share warrants
|
| Amount: | C$1.5 million
|
| Units: | 750,000
|
| Price: | C$2.00
|
| Warrants: | Two half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Pricing date: | March 20
|
| Stock symbol: | TSX Venture: RVR
|
| Stock price: | C$0.37 at close March 17
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
