pcNewsWire – Rift Valley Resources Corp. (CSE: RVR) has completed a non-brokered private placement of 8,120,000 common shares issued at a price of $0.05 per share for gross proceeds of $406,000.
Proceeds will be used for continuation of the due diligence of the proposed acquisition of Metrolink Solutions Inc. and for general working capital.
News Release
Rift Valley Announces Closing of Non-Brokered Private Placement
Vancouver, British Columbia / June 9, 2017 – Rift Valley Resources Corp. (the “Company”) (CSE: RVR) is pleased to announce that it has completed a non-brokered private placement of 8,120,000 common shares issued at a price of $0.05 per share, raising gross proceeds of $406,000.
The Company paid finder’s fees of 10% cash to PI Financial Corp.
The net proceeds of the private placement will be used for continuation of the due diligence of the proposed acquisition of Metrolink Solutions Inc. and for general working capital.
ON BEHALF OF THE BOARD
Craig Robson CEO
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release.
