pcNewsWire – Rapier Gold Inc. (TSX-V: RPR) intends to close a non-brokered private placement of up to 5,000,000 flow through shares at $0.10 per FT share for gross proceeds of up to $500,000.
Proceeds will be used for the advancement of the Pen Gold Project.
News Release
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
RAPIER GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Vancouver, BC – Rapier Gold Inc. (TSX-V: RPR) (the “Company”) is pleased to announce a non-brokered private placement to raise up to $500,000 through the issuance of up to 5,000,000 flow through shares (the “FT Shares”) at a price of $0.10 per FT Share (the “Offering). Finder’s fees in the amount of 6% cash and 6% compensation warrants may be paid.
“Exploration activities are under way and we look forward to reporting results to our shareholders in the coming months”, stated David Lotan, Interim CEO.
The proceeds from the Offering will be used for the advancement of the Pen Gold Project.
The Company reserves the right to increase the size of the Offering or to modify the type, nature and/or price of the Shares for any reason. The Offering and any modification to it are subject to compliance with applicable securities laws and approval of the TSX Venture Exchange. The shares will be subject to a statutory four-month hold period.
ON BEHALF OF THE BOARD OF DIRECTORS
David Lotan, Interim CEO
Contact: Diana Mark
Phone: 604-569-0049 Email: diana@rapiergold.com
Website: www.rapiergold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
