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| Home : Torch River Announces Closing of Private Placement |
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Jun 03
2013 |
Torch River Announces Closing of Private Placement |
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CALGARY, ALBERTA--(Marketwired - June 3, 2013) - Torch River Resources Ltd. ("Torch" or the "Company") (TSX VENTURE:TCR)(FRANKFURT:WNF)(PINKSHEETS:TORVF) is pleased to announce that it has closed the second of a series of private placements (the "Second Offering"). This Second Offering placed 2,500,000 Units at a price of $0.03 per Unit for gross proceeds of $75,000.00. Each Unit consisted of one (1) common share ("Common Share") in the capital of the Corporation and one (1) common share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share of the Company for a period of two (2) years from the closing of the Second Offering at an exercise price of $0.05 in year 1 and $0.10 in year 2. |
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| Source:http://www.marketwire.com/mw/release.do?id=1797481&sourceType=3 |
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