By Devika Patel
Knoxville, Tenn., Feb. 6 - Riverside Resources Inc. said it will take in C$2.3 million in a non-brokered private placement of units.
The company intends to sell 2.55 million units of one share and one transferable warrant at C$0.90 per unit. Each warrant will be exercisable at C$1.30 for two years.
Global NR Holding SA has agreed to buy 818,580 units, and Exploration Capital Partners 2005 LP agreed to buy 1,395,000 units.
The company may pay a 6.5% finder's fee in units.
Proceeds will be used for exploration, acquisitions and working capital.
Based in Vancouver, B.C., Riverside is a mineral exploration company.
| Issuer: | Riverside Resources Inc.
|
| Issue: | Units of one share and one transferable warrant
|
| Amount: | C$2,295,000
|
| Greenshoe: | 15%
|
| Units: | 2.55 million
|
| Price: | C$0.90
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.30
|
| Agent: | Non-brokered
|
| Investors: | Global NR Holding SA (for 818,580 units), Exploration Capital Partners 2005 LP (for 1,395,000 units)
|
| Fees: | 6.5% in units
|
| Pricing date: | Feb. 6
|
| Stock symbol: | TSX Venture: RRI
|
| Stock price: | C$1.10 at close Feb. 5
|
© 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.
