RE:News ?Here it is;
HUDSON RESOURCES INC. (the "Company") (TSX VENTURE:HUD)(OTCQX:HUDRF) is pleased to announce that it has closed the second and final tranche of its previously announced offering for 754,600 units ("Units") of the Company, at a price of $0.50 per Unit, for total proceeds of $377,300. Each Unit is comprised of one fully paid and non-assessable common share (a "Share") in the capital of the Company and one-half of a transferable Common Share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one additional Share (a "Warrant Share") in the capital of the Company until September 17, 2018, at an exercise price of $0.75 per Warrant Share. The Company paid $18,138 in finders' fees in connection with this private placement.
Both the common shares issued as part of the Units and any common shares issued upon exercise of the Warrants are subject to a hold period, which expires on January 18, 2016 and, such common shares may not be traded until January 18, 2016, except as permitted by the Securities Act (British Columbia) and the Rules made thereunder and the TSX Venture Exchange.
The net proceeds of the private placement will be used for pre-construction activities regarding the Company's White Mountain Anorthosite Project and for general corporate purposes.
After the completion of this offering, Hudson's issued and outstanding securities are comprised of 90,288,366 common shares, 8,300,000 options and 4,400,800 warrants.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any applicable securities laws of any state of the United States and may not be offered or sold in the United States absent such registration or an applicable exemption from such registration requirements.
ON BEHALF OF THE BOARD OF DIRECTORS
James Tuer, President