ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

RZ

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:RZ TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Revolver Closes Non-Brokered Private Placement

12/02/2014 9:25pm

Marketwired Canada


Revolver Resources Inc. (the "Company") (TSX VENTURE:RZ) is pleased to announce
that it has closed the first-tranche (the "First Tranche") of its non-brokered
private placement (the "Private Placement"), previously announced on January 28,
2014, for gross proceeds of $367,996.86.


The First Tranche consisted of the issuance of 6,133,281 units (the "Units") at
a price of $0.06 per Unit. Each Unit consists of one common share and one
transferable share purchase warrant (each a "Warrant"). Each Warrant entitles
the holder to acquire one common share of the Company for a period of one year
from the closing date of the Private Placement at a price of $0.12 per common
share.


In connection with closing the First Tranche, the Company paid a cash finder's
fee to Richardson GMP Limited in the aggregate amount of $300, in consideration
of its efforts in sourcing purchasers for the Private Placement. 


All securities issued under the First Tranche are subject to a hold period
expiring four months and one day from the date of issuance. The proceeds from
the Units of the Private Placement for the current drill program on the Summit B
project and for general working capital.


About Revolver Resources Inc.:

Revolver recently announced it has entered into an option agreement with Pistol
Bay Mining Inc. whereby Revolver may earn a 60% interest in the Summit B
property (For more information on the option agreement see the Revolver press
release dated May 17th, 2013).


The 1,394 hectare (3,446 acre) Property is located in the Iskut area of
northwestern British Columbia, Canada, and is contiguous with Colorado Resources
Ltd.'s ("Colorado") North Rok copper-gold property (the "North Rok Property").
Colorado's recent North Rok Property discovery hole intersected 242 metres
grading 0.63% copper and 0.85 g/t gold. More complete details can be found in
Colorado's news release dated April 25, 2013. The Summit B property is also 20
kilometres northwest of Imperial Metals Red Chris Copper-Gold project. 


Technical information in this news release has been prepared and/or revised by
Michel Boily, PhD, P. Geo, and qualified person as defined in NI 43-101. 


For further information on Revolver please visit our website at
www.revolverresources.com.


ON BEHALF OF THE BOARD OF DIRECTORS

Michel Boily, President

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Revolver Resources Inc.
Michel Boily
President
(778) 331-2025
(604) 683-5309 (FAX)
www.revolverresources.com

1 Year Revolver Resources Inc. Chart

1 Year Revolver Resources Inc. Chart

1 Month Revolver Resources Inc. Chart

1 Month Revolver Resources Inc. Chart

Your Recent History

Delayed Upgrade Clock