By Laura Lutz
Des Moines, Sept. 13 - Rym Capital Corp. plans to raise C$1.5 million from a private placement of flow-through shares.
The placement will consist of 6,000,000 flow-through shares at C$0.25 each.
Proceeds will be used for exploration.
Rym plans to acquire a 20% ownership in the Fire Eye property from Purepoint Uranium Group Inc. Closing of the acquisition depends on Rym raising at least C$1.5 million from an equity offering.
Settlement of the placement will occur concurrently with closing of the acquisition.
Purepoint also granted Rym the option to earn up to a 50% ownership interest in Purepoint's William River uranium property. That option is conditional on Rym being able to raise an additional C$4.5 million from a private placement by Jan. 31, 2008.
Rym is a Toronto-based capital-pool company. The property acquisition will be its qualifying transaction.
| Issuer: | Rym Capital Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1.5 million
|
| Shares: | 6,000,000
|
| Price: | C$0.25
|
| Warrants: | No
|
| Pricing date: | Sept. 13
|
| Stock symbol: | TSX Venture: RYM.P
|
| Stock price: | C$0.17 at close Sept. 12
|
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