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Ring the Bell and Croesus Announce Closing of Concurrent Subscription Receipt Offerings for Gross Proceeds of $2.7m, with the Resulting Issuer to be Renamed "Arizona Metals Corp"
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About this update from Arizona Metals Corp
[{"type":"text","content":"Ring the Bell and Croesus Announce Closing of Concurrent Subscription Receipt Offerings for Gross Proceeds of $2.7m, with the Resulting Issuer to be Renamed \"Arizona Metals Corp\"Not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.Toronto, Ontario--(Newsfile Corp. - June 28, 2019) - Ring the Bell Capital Corp. (TSXV: RTB.P) (the \"Company\" or \"RTB\") and Croesus Gold Corp. (\"Croesus\") are pleased to announce that the Company and Croesus have completed concurrent brokered private placements of subscription receipts (\"Subscription Receipts\") each led by Canaccord Genuity Corp., and each including PI Financial Corp. and Richardson GMP Limited (collectively, the \"Agents\") for aggregate gross proceeds of approximately $2,702,000 (the \"Concurrent Financings\"), of which $1,717,000 of the Concurrent Financing was completed by Croesus (the \"Croesus Financing\") and the remaining $985,000 of the Concurrent Financing was completed by the Company (the \"RTB Financing\"). The Concurrent Financings were completed in connection with the proposed business combination (the \"Transaction\") between Croesus and RTB previously announced in press releases of RTB dated April 4, 2019 and June 17, 2019, which transaction is intended to constitute RTB's \"Qualifying Transaction\" pursuant to Policy 2.4 of the TSX Venture Exchange (the \"TSXV\"). The Company, upon and subject to completion of the Transaction, (the \"Resulting Issuer\") will continue under the name \"Arizona Metals Corp.\" and trade on the TSXV under the symbol \"AMC\".The Concurrent FinancingsUnder the terms of the Croesus Financing and pursuant to an agency agreement (the \"Croesus Agency Agreement\") dated as of the date hereof among Croesus, RTB and the Agents, Croesus issued 4,292,500 Subscription Receipts at a pr...