By Sheri Kasprzak
New York, July 20 - Richview Resources Inc. wrapped a private placement for C$1.75 million.
The company sold 5 million units of one share and one half-share warrant.
The whole warrants are exercisable at C$0.50 each for two years.
The warrants are callable at a penny each any time the company's stock trades above C$1.00 for 20 of 30 trading days.
Richview, based in Toronto, 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$1.75 million
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| Units: | 5 million
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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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| Settlement date: | July 20
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| Stock symbol: | TSX Venture: RVR
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| Stock price: | C$0.35 at close July 20
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