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Revolver Resources Inc Closes Financing


Monday, 29 Jul 2013 02:47pm EDT 

Revolver Resources Inc announced that it has closed its non-brokered private placement financing (the Private Placement) announced by news release dated July 3, 2013 (the Private Placement) for total gross proceeds of $219,500 by the issuance of 7,316,666 units at a price of $0.03 per unit. Each unit will consist of one common share of Revolver, and one transferable share purchase warrant (a Warrant). Each Warrant shall be exercisable to acquire one additional common share for a period of two years at a price of $0.10 per share. The Private Placement has been approved by Revolvers' board of directors, excluding those directors that have a direct interest in the Private Placement. The Private Placement has been conducted in accordance with the TSX Venture Exchange Temporary Relief Measures, and proceeds will be allocated to the following: audit and accounting expenses; legal expenses; outstanding accounts payable and technical consulting expenses. 

Company Quote

0.04
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10 Dec 2014