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| Home : Reliant Gold Announces the Completion of A Flow-Through Private Placement With MineralFields Group |
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Apr 12
2011 |
Reliant Gold Announces the Completion of A Flow-Through Private Placement With MineralFields Group |
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TORONTO, ONTARIO--(Marketwire - April 11, 2011) - Reliant Gold Corp. ("Reliant" or the "Company") (TSX VENTURE:REC) is pleased to announce that it has raised $375,000 through a non-brokered private placement completed today of 2,777,777 units (the "Units") at a price of $0.135 per Unit (the "Offering"). Each Unit is comprised of one flow-through common share of Reliant (a "Flow-Through Share") within the meaning of the Income Tax Act (Canada) and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to acquire one common share of Reliant at a price of $0.20 at any time prior to 5:00 p.m. (Toronto time) on the second anniversary of the date of the closing of the Offering at which time any unexercised Warrants will expire. |
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| Source:http://www.marketwire.com/mw/release.do?id=1425717&sourceType=3 |
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