By Sheri Kasprzak
New York, May 23 - Richview Resources Inc. has upsized to C$5.55 million its previously announced C$5.45 million private placement.
The company will now sell 15,857,142 units at C$0.35 each.
The units consist 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 priced on May 10 as a C$5.45 million offering of 15,571,428 units.
Toronto-based Richview, formerly Rocraven Resources Ltd., is a base metals and gold exploration company.
| Issuer: | Richview Resources Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$5.55 million
|
| Units: | 15,857,142
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Pricing date: | May 10
|
| Upsized: | May 23
|
| Stock symbol: | TSX Venture: RVR
|
| Stock price: | C$0.40 at close May 10
|
| Stock price: | C$0.40 at close May 23
|
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