Business
Richmond Minerals Inc. Completes $332,887 Non-Brokered Private Placement
Richmond Minerals Inc. Completes $332,887 Non-Brokered Private Placement Canada Ne...
About this update from Richmond Minerals Inc.
[{"type":"text","content":"\n\n\n\nRichmond Minerals Inc. Completes $332,887 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\n\nCanada NewsWire\nTORONTO, Nov. 30, 2017\n\n\n\nTORONTO, Nov. 30, 2017 /CNW/ - Richmond Minerals Inc. (TSX-V: RMD) (\"Richmond\") is pleased to announce that, further to its announcement on October 24, 2017, it has completed a non-brokered private placement for aggregate gross proceeds of $332,887 (the \"Offering\"). The Offering consisted of the sale of 1,656,448 hard dollar units (\"Units\") at a price of CAN$0.06 per Unit and 2,918,750 flow through units (FT Units\") at a price of CAN$0.08.                                         \n\nEach Unit consists of one (1) common share in the capital stock of the Richmond (\"Common Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant entitles the holder to purchase one common share at a price of CAN$0.10 per common share until the date which is two (2) years following the closing date of the Offering, whereupon the Warrants will expire.\n\nEach FT Unit consists of one (1) common share in the capital stock of the Richmond that is a \"flow-through share\" within the meaning of the Income Tax Act (Canada) (\"Common Share\") and one-half (½) of one common share purchase warrant (a \"FT Warrant\"). Each whole FT Warrant will entitle the holder to purchase one common share at a price of CAN$0.10 per common share until the date which is two (2) years following the closing date of the Offering, whereupon the FT Warrants will expire. \n\nA cash finder's fee equal to 7% of the total proceeds raised by finders pursuant to the Offering was paid and a total of 122,500 broker warrants (\"Broker Warrant\") were issued as part of finders fees in connection with their involvement in the Offering. Each Broker Warrant will entitle the holder to purchase one Common Share at a price of ...