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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 14, 2014) - Silver Grail Resources Ltd. ("Silver Grail) (TSX VENTURE:SVG)(FRANKFURT:KD7) has agreed to complete a private placement to raise proceeds of up to $350,000.
The private placement will consist of an offering of 7,000,000 units (each a "Unit) at a price of $0.05 per Unit (the "Offering"). Each Unit will consist of one common share of Silver Grail and one common share-purchase warrant; each warrant will entitle the holder to purchase one additional common share of Silver Grail at a price of $0.07 for a period of twelve (12) months after the closing of the Offering, and thereafter at a price of $0.10 until twenty-four (24) months after the closing of the Offering. |
