Key Developments: Relentless Resources Ltd (RRL.V)

RRL.V on TSX Venture Exchange

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26 Jan 2015
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Latest Key Developments (Source: Significant Developments)

Relentless Resources Ltd announces completion of second tranche of private placement
Thursday, 18 Dec 2014 04:30pm EST 

Relentless Resources Ltd:Completed second tranche of previously announced non-brokered private placement.Relentless issued 1,852,000 common shares of company issued on flow-through basis at price of $0.27 per Flow-Through Share for aggregate gross proceeds of about $0.5 million.Flow-Through Shares are subject to four month hold period expiring on April 19, 2015.Paid finder's fee of $37,503 to AltaCorp Capital in connection with second tranche of private placement.Raised total gross proceeds of about $2.85 million in private.  Full Article

Relentless Resources announces private placement upsize and completion
Friday, 12 Dec 2014 04:05pm EST 

Relentless Resources Ltd:Says an increase by $346,925 and completion of its non-brokered private placement.Issues 4,513,890 common shares of company at a price of $0.225 per Common Share and 4,930,740 Common Shares issued on a flow-through basis at a price of $0.27 per Flow-Through Share for aggregate gross proceeds of about $2.35 mln.Common Shares and Flow-Through Shares are subject to a four month hold period expiring on April 13, 2015.  Full Article

Relentless Resources announces non-brokered private placement
Monday, 8 Dec 2014 09:00am EST 

Relentless Resources:Intends to complete a non-brokered private placement for up to $2.0 mln.Comprises of up to 4,444,445 common shares of company at a price of $0.225 per Common Share and up to 3,703,704 Common Shares to be issued on a flow-through basis at a price of $0.27 per Flow-Through Share.Shares will be subject to a four month hold period.A portion of the private placement may be subscribed for by officers and directors of company.Gross proceeds from the private placement will be used to fund the Company's 2015 capital expenditure program.  Full Article

Relentless Resources Ltd closes unit private placement
Tuesday, 11 Feb 2014 09:00am EST 

Relentless Resources Ltd:Says it has closed the previously announced non-brokered private placement offering of units, by issuing 4,285,714 Units at a price of $0.105 per Unit for gross proceeds of $450,000.Says each Unit is comprised of one common share and one-half of a share purchase warrant of the company, resulting in the issuance of 4,285,714 Common Shares and 2,142,856 Warrants under the Offering.  Full Article

Relentless Resources Ltd announces new officers and private placement
Monday, 3 Feb 2014 05:25pm EST 

Relentless Resources Ltd:Says the appointment of Ronald J. Peshke as President, and as a member of the company's board of directors, effective immediately.Says Daniel T. Wilson, the outgoing President, will remain heavily involved with the company as Chief Executive Officer and Chairman of the Board.Says appointment of Hugh M. Thomson as Vice-President, Finance, and CFO, also effective immediately.Says Thomson replaces Pradeep Nathwani, whom the management and Board wishes to thank for his services to the company.Intends to proceed with a non-brokered private placement of up to 4,285,714 units, at a price of $0.105 per Unit for gross proceeds of $450,000.Says each Unit shall be comprised of one common share of the company and one-half of one Common Share purchase warrant.Says each whole Warrant will entitle the holder to purchase one Common Share at a price of $0.14 for a period of five years.  Full Article

Relentless Resources Ltd Agrees to Acquire Alberta Assets in Exchange for Loverna Property
Tuesday, 11 Jun 2013 06:55pm EDT 

Relentless Resources Ltd announced that it has entered into an asset exchange agreement (the Agreement) with an arm's length Calgary-based private oil and gas company (Privateco) to assign all of the Company's petroleum and natural gas interests in south-western Saskatchewan in exchange for Privateco's interests in producing and undeveloped petroleum and natural gas properties located in various areas throughout Alberta and a cash payment of $200,000.00 (the Transaction). The Transaction is expected to close on or about June 20, 2013, with an effective date of May 1, 2013, and is subject to regulatory and shareholder approvals. The petroleum and natural gas assets contemplated for exchange under the Agreement are all of Relentless' net interests in 3,002 net acres of petroleum and natural gas rights located in the Loverna area of south-western Saskatchewan (the Relentless Assets).  Full Article

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