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Redzone Resources Ltd. Completes Final Tranche of Private Placement Financing
Redzone Resources Ltd. Completes Final Tranche of Private Placement Financing Redz...
About this update from Global Battery Metals Ltd.
[{"type":"text","content":"\n\n\n\nRedzone Resources Ltd. Completes Final Tranche of Private Placement Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nRedzone Resources Ltd. Completes Final Tranche of Private Placement Financing\nCanada NewsWire\nVANCOUVER, June 29, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./\n\n\n\nVANCOUVER, June 29, 2016 /CNW/ - Redzone Resources Ltd. (\"Redzone\" or the \"Company\") (TSXV:REZ) announces that it has completed the second and final tranche of its previously announced non-brokered private placement (the \"Offering\") pursuant to which it issued an additional 872,111 units (\"Units\") at a price of $0.09 per Unit to raise additional gross proceeds of approximately $78,500.  Accordingly, in combination with the first tranche of the Offering which closed on June 23, 2016, the Company issued an aggregate of 5,599,888 Units to raise aggregate gross proceeds of approximately $504,000.  Each Unit is comprised of one common share of the Company (a \"Common Share\") and one share purchase warrant, with each share purchase warrant entitling the holder to acquire one additional Common Share at an exercise price of $0.15 for a period of five years.  The Offering remains subject to the receipt of final regulatory approvals.  All securities issued and issuable in the second tranche of the Offering are subject to a statutory hold period expiring on October 30, 2016.\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.\n\nForward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Redzone, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, and the availability of financing. Read...