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TORONTO, ONTARIO--(Marketwired - Jan. 9, 2017) - Rio Novo Gold Inc. (TSX:RN)(TSX:RN.WT) ("Rio Novo" or the "Company") is pleased to announce a non brokered private placement of 15,000,000 Ordinary Shares of the Company to Northwestern Enterprises Ltd. ("Northwestern"), a private investment company and the principal shareholder of Rio Novo, at a deemed issue price of Cdn.$0.085 per ordinary share for an aggregate subscription amount of Cdn.$1,275,000 (or US$951,421.54). |
