Toronto, Ontario (FSCwire) - Renforth Resources Inc. (CSE – RFR) (“Renforth” or the “Company”) is pleased to announce that the previously announced private placement has closed with proceeds of $317,500 raised by way of the issuance of 6,350,000 units (“Unit”) at $0.05 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant ("Warrant"). Each Warrant is exercisable for 24 months for one common share at $0.10.
Proceeds of this placement will be used for exploration and drilling at Parbec, the latter expected to commence in July.
For further information please contact:
Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
C:416-818-1393
E: nicole@renforthresources.com
#200 – 65 Front St. E, Toronto, ON M5E 1B5
No securities regulatory authority has approved or disapproved of the contents of this news release.
Forward Looking Statements
This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
To view the original release, please click here
Source: Renforth Resources Inc. (CSE:RFR)
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