|
CALGARY, ALBERTA--(Marketwire - Nov. 1, 2010) - Reviso Energy Ltd. ("Reviso" or the "Corporation") (TSX VENTURE:AVG.P), today announced that it has extended the outside date for the completion of its previously announced qualifying transaction (the "Transaction") and private placement to November 15, 2010. The Corporation has also determined to increase the number of flow-through common shares ("Flow-Through Shares") available under the private placement in light of market demand for its Flow-Through Shares. As a result, up to 3,508,772 Flow-Through Shares may be issued at a price of $0.57 per Flow-Through Share for gross proceeds of up to $2,000,000 from the sale of Flow-Through Shares. In addition, it is a requirement under the terms of the private placement that the Corporation issue a minimum of 5,000,000 Common Shares at a price of $0.50 per Common Share for minimum gross proceeds of $2.5 million, and tha |
