Non-brokered offering slated to fund exploration and working capital
By Devika Patel
Knoxville, Tenn., June 28 – Revelo Resources Corp. said it increased its non-brokered private placement of units to C$2.05 million from C$1.5 million. The deal priced on June 2.
The company will now sell 27,333,333 units of one common share and a half-share warrant at C$0.075 per unit. Each whole two-year warrant is exercisable at C$0.11, a 22.22% premium to the June 1 closing share price of C$0.09.
Proceeds will be used for exploration, general working capital and other corporate purposes.
Based in Vancouver, B.C., the company explores for copper, gold and silver.
| Issuer: | Revelo Resources Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$2.05 million
|
| Units: | 27,333,333
|
| Price: | C$0.075
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.11
|
| Agent: | Non-brokered
|
| Pricing date: | June 2
|
| Upsized: | June 28
|
| Stock symbol: | TSX Venture: RVL
|
| Stock price: | C$0.09 at close June 1
|
| Market capitalization: | C$8.52 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.
