Business
RICHMOND MINERALS INC. ANNOUNCES CLOSING OF NON-BROKERED FINANCING
RICHMOND MINERALS INC. ANNOUNCES CLOSING OF NON-BROKERED FINANCING
About this update from Richmond Minerals Inc.
[{"type":"text","content":"\n\n\n\n Sep. 14, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nTSX Venture: RMD\nShares Issued and Outstanding: 79,059,239\n\nTORONTO, Sept. 14 /CNW/ - (RMD: TSXV) - Richmond Minerals Inc. ("Richmond" or the "Company") is pleased to announce the closing of a non-brokered private placement of $100,000 as first announced on September 9, 2010.\nThe private placement consisted of 2,000,000 flow-through units at a price of $0.05 per unit for gross proceeds of $100,000. Each flow-through unit consists of one common share, issued on a flow-through basis, and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share at a price of $0.15 per common share until September 13, 2011. The Company will have the right to accelerate the expiry date of the Warrants if the closing price at which the common shares, as traded on the TSX-V, equals or exceeds $0.25 for 15 consecutive trading days following the date that is four months and one day after the date of closing. In that event, the Warrants will expire 30 days after the Company has issued a press release giving notice of the accelerated expiry period to the Warrant holders.\nThe securities issued pursuant to the private placement will be subject to trade restrictions expiring on January 15, 2011 pursuant to the applicable securities laws. Broker compensation consisted of a cash commission of $3,750 and 75,000 broker warrants, each whole warrant entitling ...