PRRegent Ventures arranges $360,000 private placement
TickerSymbol: C:REV
Regent Ventures arranges $360,000 privateplacement
Regent Ventures Ltd(C:REV)
Shares Issued 70,152,255
Last Close3/25/2010
.07
Friday March 26 2010 - News Release
Mr. Richard Wilson reports
FLOW-THROUGH PRIVATE PLACEMENT
Regent Ventures Ltd. has agreed to a $360,000 private placement of upto six million units of its securities at a price of six cents perunit, with each unit consisting of one flow-through common share andone non-transferable share purchase warrant, with each such warrantentitling the holder to purchase one additional non-flow-through commonshare of the company at a price of 15 cents per share for one year.Should the company's common shares trade at or above trading price of20 cents per share for 20 consecutive trading days, the company willhave the right to issue a written notice that the warrants will expire30 days from providing such notice.
The proceeds from the private placement will be used for exploration ofthe company's Red Mountain property, located in the Yukon, to follow upon the recommendations of the company's geological consultant, FPCGeoconsulting Inc., derived from its interpretation of the results fromthe company's previously conducted geophysical, geochemical anddrilling programs, in light of new understandings of the geology ofthe area.
The private placement is subject to acceptance for filing by the TSXVenture Exchange.