KEEP ISSUING NEWS ON PRIVATE PLACEMENTS BUT NO CORP. UPDATE Rift Valley arranges $500,000 private placement
2020-10-29 08:20 ET - News Release
Mr. Griffin Jones reports
RIFT VALLEY RESOURCES CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Rift Valley Resources Corp. has arranged a non-brokered private placement of units to raise gross proceeds of up to $500,000 through the issuance of up to 10 million units at five cents per unit. Each unit consists of one common share of the company and one-half of one transferable common share purchase warrant, with each whole warrant exercisable at 15 cents per share for a period of two years from the date of issuance.
The net proceeds from the private placement will be used for continuing project development of a broadband wireless network in Crockett, Tex., and general working capital.
All securities issued in connection with the private placement will be subject to a four-month hold period pursuant to securities laws in Canada. Finders' fees may be payable to qualified parties.
© 2020 Canjex Publishing Ltd. All rights reserved.