TSXV:RSL - Post Discussion
Post by
Iseneschal on Apr 21, 2017 2:06pm
Our new Director.......
Who is kind of like "Casper the Friendly Ghost" reports........
Royal Sapphire closes $525,000 private placement
2017-04-21 09:53 PT - News Release
Mr. Navraj Pannu reports
ROYAL SAPPHIRE CLOSES PRIVATE PLACEMENT OFFERING
Royal Sapphire Corp. has closed its previously announced private placement offering (see news release dated March 3, 2017), issuing 10 million units at a price of 5.25 cents per unit for total proceeds of $525,000. Each unit consists of one common share of the company and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at seven cents per share for a five-year period from the date of issuance.
The securities issued under the private placement will be subject to a hold period expiring four months and one day from the date of issuance.
No commission or finder's fee was paid under the offering.
The funds will be used for general working capital purposes.
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