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| Home : Brilliant Announces Proposed Investment in Ram Power |
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Apr 21
2015 |
Brilliant Announces Proposed Investment in Ram Power |
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TORONTO, ONTARIO--(Marketwired - April 20, 2015) - Brilliant Resources Inc. (TSX VENTURE:BLT) (the "Company" or "Brilliant") is pleased to announce that, consistent with its plans announced on April 10, 2015 to become a Tier 1 investment company (the "Proposed COB") under the rules of the TSX Venture Exchange (the "TSXV"), it has conditionally agreed to invest CDN$10 million (the "Investment") as part of the US$60 million subscription receipt financing (the "Ram Power Financing") announced today by Ram Power, Corp. (TSX:RPG) ("Ram Power"). Upon closing of the Ram Power Financing, Brilliant will acquire 2.5 billion subscription receipts of Ram Power at a purchase price of CDN$0.004 per subscription receipt, which will entitle Brilliant to receive upon exchange 1,250,000 post-consolidation common shares of Ram Power (at a deemed price of CDN$8 per share). |
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| Source:http://www.marketwired.com/mw/release.do?id=2011317&sourceType=3 |
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