Post by
macbethorfaust on Jul 10, 2013 11:14am
News Release
Vancouver, BC – Wind River Energy Corp. (the “Company”) announces that it proposes to raise up to $300,000 through a non-brokered private placement of up to 8,571,430 units at a price of $0.035 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company for a term of 36 months from the date of issuance, exercisable at a price of $0.05 per share for the first 12 months from the date of issuance and at $0.10 for the remainder of the exercise term.
The proposed private placement is subject to the approval of the TSX Venture Exchange, and will be conducted in accordance with the TSX Venture Exchange's Bulletin dated August 17, 2012 regarding Private Placements – Temporary Relief from Certain Pricing Requirements as amended on December 12, 2012, and as further amended on April 12, 2013. All securities issued under the private placement will be subject to a four-month hold period from the closing date