By Devika Patel
Knoxville, Tenn., April 16 - Ringbolt Ventures Ltd. said it will conduct a C$3 million non-brokered private placement of units.
The company plans to sell 6 million units at C$0.50 per unit. Each unit consists of one common share and one half-share warrant with each whole warrant exercisable at C$0.75 for one year.
Ringbolt Ventures is a natural resource company based in Vancouver, B.C.
| Issuer: | Ringbolt Ventures Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3 million
|
| Units: | 6 million
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.75
|
| Agent: | Non-brokered
|
| Pricing date: | April 16
|
| Stock symbol: | TSX Venture: RBV
|
| Stock price: | C$0.80 at close April 15
|
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