01:31:53 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



92 Resources Corp
Symbol NTY
Shares Issued 21,918,203
Close 2016-03-16 C$ 0.045
Market Cap C$ 986,319
Recent Sedar Documents

92 Resources closes $159,836 2nd tranche of financing

2016-03-17 15:17 ET - News Release

Mr. Adrian Lamoureux reports

92 RESOURCES CORP. CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

Further to the company's news releases of Jan. 12, 2016, and March 1, 2016, and TSX Venture Exchange conditional letter approval of Jan. 11, 2016, 92 Resources Corp. has closed the second trance of the private placement in the amount of $159,836.

The company will be issuing 3,196,720 units at five cents. Each unit comprises one common share and one-half of one transferable share purchase warrant. Each whole warrant will permit the warrantholder to acquire one additional common share of the company at a price of 10 cents per warrant share for a period of two years after closing. All the securities issued under the private placement will be subject to resale restrictions under applicable securities legislation.

Two insiders of the company purchased 700,000 units of the second-tranche closing. The company will not pay a finder's fee. The company intends to use the net proceeds from the private placement for general working capital and for expenditures on the Hidden Lake lithium property.

We seek Safe Harbor.

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