Business
Richmond Minerals Inc. announces closing of private placement
TSX Venture: RMD TORONTO, Jan. 27 /CNW/ - Richmond Minerals Inc. (the "Company") announces that t...
About this update from Richmond Minerals Inc.
[{"type":"text","content":"\n\n\n\nTSX Venture: RMD\n\n\nTORONTO, Jan. 27 /CNW/ - Richmond Minerals Inc. (the "Company") announces\nthat the proposed private placement announced on January 12, 2009, closed on\nJanuary 26, 2009. The Company raised $140,000 through the issuance of\n2,800,000 units, each unit consisting of one common share and one share\npurchase warrant. Each warrant will entitle the holder thereof to acquire one\ncommon share at an exercise price of $0.10 per share until January 25, 2010.\nThe shares being issued are subject to a four month hold period and\nrestrictions on trading by the TSX Venture. The proceeds will be used for\nworking capital purposes.\n\n\nRichmond Minerals Inc. is engaged in base and precious metal mining and\nrelated activities, including exploration and development in Northern Ontario\nand Quebec.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this news release.\n\n\n%SEDAR: 00009282E\n\n\n","length":1075,"tagName":"div"}]