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| Home : Torch River Resources Closes Private Placement for Proceeds of $100,000 |
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Nov 02
2013 |
Torch River Resources Closes Private Placement for Proceeds of $100,000 |
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CALGARY, ALBERTA--(Marketwired - Nov. 1, 2013) - Torch River Resources ("Torch" or the "Company") (TSX VENTURE:TCR) (FRANKFURT:WNF) (PINKSHEETS:TORVF) is pleased to announce the closing of the non-brokered private placement announced October 29, 2013 of 2,000,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $100,000 (the "Offering"). Each Unit consists of one (1) common share ("Common Share") in the capital of the Company and one (1) Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share of the Company for a period of two (2) years from the closing of the Offering at an exercise price of $0.075. The net proceeds from the Offering will be used by the Company for working capital and general corporate purposes. |
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| Source:http://www.marketwired.com/mw/release.do?id=1847626&sourceType=3 |
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