REDHILL RESOURCES CORP V.RHR

Redhill closes private placement for $600,000

[Tommer3]

Redhill closes private placement for $600,000

2014-02-18 20:42 ET - News Release

Mr. Andrew Bowering reports

REDHILL CLOSES $600,000 FINANCING

Redhill Resources Corp. has closed its previously announced non-brokered private placement for gross proceeds of $600,000. The private placement consisted of the issuance of five million units at a price of 12 cents per unit.

Each unit consisted of one common share and one share purchase warrant exercisable for a two-year term from the closing of the private placement at an exercise price of 16 cents per warrant.

The net proceeds of the private placement will be used to finance its work commitments on its B.C. mineral properties and for general corporate and working capital purposes.

All securities issued pursuant to the private placement are subject to a statuary hold period expiring on June 19, 2014. The private placement remains subject to final acceptance of the TSX Venture Exchange

[MRSPEC]

Cashed up with the PP closed that should fill the coffers well over 2 million, hard to do these days, and 6 million shares of what could be the best junior stories this year on the TSX Venture High North, plus warrants , RHR has a tiny float held largely by smart money and with the recent reverse split and high North's success I would have to say the risk is as low as it can get. RHR is a buy

[Tommer3]

Nice little article on HN...... well worth the read. Transformation Time: High North Resources Inside Crucial 6-Month Window by Vantagewire................. https://ca.finance.yahoo.com/news/transformation-time-high-north-resources-inside-crucial-6-151900440.html

[Tommer3]

Redhill Resources five-million-unit private placement - Insiders BUYING 2014-02-21 16:20 ET - Private Placement   The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 29, 2014. Shares:  five million Price:  12 cents Warrants:  five million share purchase warrants to purchase five million