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| Home : Golden Reign Resources Ltd.: Oversubscribed Private Placement Closed |
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Jun 04
2013 |
Golden Reign Resources Ltd.: Oversubscribed Private Placement Closed |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 4, 2013) - Golden Reign Resources Ltd. (the "Company" or "Golden Reign") (TSX VENTURE:GRR), is pleased to announce that it has closed a non-brokered private placement of 15,797,830 units at a price of $0.15 per unit to raise gross proceeds of approximately $2.37 million. Each unit is comprised of one common share and one share purchase warrant which entitles the holder to purchase an additional common share a price of $0.25 for a period of two years. In connection with the offering, the Company has agreed to pay finder's fees of $45,645 cash and 242,800 warrants priced at $0.25 per share exercisable for a period of two years. The common shares issued pursuant to this private placement are subject to a four month hold period. The placement and payment of the finder's fees have been accepted by the TSX Venture Exchange. |
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| Source:http://www.marketwire.com/mw/release.do?id=1798095&sourceType=3 |
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