By Sheri Kasprzak
New York, May 10 - Richview Resources Inc. priced a C$5.45 million private placement.
The deal includes 15,571,428 units at C$0.35 each.
The units are comprised of one share and one half-share warrant. Each whole warrant is exercisable at C$0.50 for two years.
The expiry of the warrants may be accelerated to 30 days if the company's stock trades above C$1.00 for 20 of 30 trading days.
The deal is slated to close May 17.
Toronto-based Richview, formerly Rocraven Resources Ltd., is a base metals and gold exploration company.
Issuer: | Richview Resources Inc.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$5.45 million
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Units: | 15,571,428
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Price: | C$0.35
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.50
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Pricing date: | May 10
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Settlement date: | May 17
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Stock symbol: | TSX Venture: RVR
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Stock price: | C$0.40 at close May 10
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