By Devika Patel
Knoxville, Tenn., June 9 - Riverstone Resources Inc. announced it is increasing a non-brokered private placement of units to C$2.1 million. The deal priced for C$1.8 million on June 2.
The company now will sell up to 14 million units of one common share and one half-share warrant at C$0.15 per unit. Each whole warrant will be exercisable at C$0.20 for two years.
Settlement is expected Monday.
Proceeds will be used for working capital and exploration of the Karma project.
Riverstone is a gold exploration company based in Vancouver, B.C.
| Issuer: | Riverstone Resources Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2.1 million
|
| Units: | 14 million
|
| Price: | C$0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20
|
| Agent: | Non-brokered
|
| Pricing date: | June 2
|
| Upsized: | June 9
|
| Settlement date: | June 15
|
| Stock symbol: | TSX Venture: RVS
|
| Stock price: | C$0.20 at close June 1
|
| Market capitalization: | C$8.08 million
|
© 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.
