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Richmond Minerals Announces Closing of $100,000 Non-Brokered Private Placement
Richmond Minerals Announces Closing of $100,000 Non-Brokered Private Placement Ric...
About this update from Richmond Minerals Inc.
[{"type":"text","content":"\n\n\n\nRichmond Minerals Announces Closing of $100,000 Non-Brokered Private Placement\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\n\n\n\n\n\nRichmond Minerals Announces Closing of $100,000 Non-Brokered Private Placement\nCanada NewsWire\nTORONTO, April 11, 2016\n\n\n\nTORONTO, April 11, 2016 /CNW/ - Richmond Minerals Inc. (TSX-V: RMD) (\"Richmond\") is pleased to announce that it has completed a non-brokered private placement financing for aggregate gross proceeds of up to $100,000 (the \"Offering\"). The Offering consisted of the sale of 2,000,000 hard dollar units (\"HD Units\") at $0.05 per HD Unit.\n\nEach HD Unit will consisted of one Common Share and one half of a Common Share purchase warrant (2 half warrants constitute a \"HD Warrant\"). Each HD Warrant will entitle the holder to acquire one Common share for $0.10 for a period of two (2) years from the date of issuance. \n\nThe securities issued pursuant to the Offering will be subject to a four month and one day statutory hold period. \n\nRichmond intends to use the net proceeds from the Offering to fund continued exploration on Richmond's Ridley Lake Property and for general working capital purposes. \n\nThe Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (\"TSX-V\") and applicable securities regulatory authorities.  \n\nCAUTIONARY STATEMENT: Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Richmond's objectives, goals or future plans, including...