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Richmond Minerals Announces $100,000 Non-Brokered Private Placement
Richmond Minerals Announces $100,000 Non-Brokered Private Placement Richmond Miner...
About this update from Richmond Minerals Inc.
[{"type":"text","content":"\n\n\n\nRichmond Minerals Announces $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 $100,000 Non-Brokered Private Placement\nCanada NewsWire\nTORONTO, April 4, 2016\n\n\n\nTORONTO, April 4, 2016 /CNW/ - Richmond Minerals Inc. (TSX-V: RMD) (\"Richmond\") is pleased to announce that it intends to complete a non-brokered private placement financing for aggregate gross proceeds of up to $100,000 (the \"Offering\"). The Offering will consist of the sale of hard dollar units (\"HD Units\") at $0.05 per HD Unit.\n\nEach HD Unit will consist 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 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. In connection with Offering, certain qualified finders may receive a cash commission and broker warrants.\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. Richmond intends to close the Offering on or around April 8, 2016.  \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...