Remington Resources announces $700K private placement

Remington arranges $700,000 Financing

Vancouver, BC – RGM (TSX.V) October 31st, 2017 – has arranged a non-brokered private placement for gross proceeds of $700,000. The private placement will consist of 2,058,823 units at $0.34 per unit. Each unit will comprise one common share of the company and one common share purchase warrant of the company. Each warrant will be exercisable into a common share of the company for a period of 12 months at an exercise price of $0.45 during the 12 months.

Finders’ fees or commissions may be payable by the company in connection with this private placement.

The net proceeds from the non-brokered private placement are intended to be used for general working capital.

On behalf of the Board of Directors,
Tara Haddad
Director of Remington Resources Inc.
Phone: (604) 283-1722

Neither 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 release.