Business
Private placement arranged
Private placement arranged.
About this update from Ross River Minerals Inc.
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, July 17 /CNW/ - Ross River Minerals Inc. (TSX-V: RRM) (the\n\"Company\") is pleased to announce that it has arranged a non-brokered private\nplacement of 4,000,000 units at a price of $0.15 per Unit for total gross\nproceeds of $600,000. Each Unit consists of one common share and one share\npurchase warrant; each share purchase warrant entitles the holder to acquire a\ncommon share for a period of one year at a price of $0.20 per share.\nThe net proceeds from this private placement will be used for general\nworking capital and expenditures on the Papaya gold/silver vein system located\non the Company's El Pulpo property. The Papaya target contains six major vein\nclusters extending over a length of about 4,500 metres, is open to the north\nand south, and up to 1,500 metres in width. Sampling has returned values of up\nto 144.4 g/t gold and 4,737.3 g/t silver (see press releases dated January 8,\nFebruary 19 and May 11, 2004).\n\nThis private placement is subject to TSX Venture Exchange approval.\n\nTo find out more about Ross River Minerals (TSX-V: RRM) visit our website\nat www.rossriverminerals.com.\n\n>\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the accuracy or the adequacy of this release.\n\nThis news release contains certain statements that may be deemed\n\"forward-looking statements\". All statements in this release, other than\nstatements of historical fact, that address events or developments that the\nCompany expects to occur, are forward looking statements. Forward looking\nstatements are statements that are not historical facts and are generally, but\nnot always, identified by the words \"expects\", \"plans\", \"anticipates\",\n\"believes\", \"intends\", \"estimates\", \"projects\", \"potential\" and similar\nexpressions, or that events or conditions \"will\", \"would\", \"may\", \"could\",\n\"should\" or are \"subject to\" occur. Although the Company believes the\nexpectations expressed in such forward-looking statements are based on\nreasonable assumptions, such statements are not guarantees of future\nperformance and actual results may differ materially from those in the\nforward-looking statements. Factors that could cause the actual results to\ndiffer materially from those in forward-looking statements include market\nprices, exploitation and explora...