CALGARY, ALBERTA--(Marketwired - July 27, 2016) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Regulus Resources Inc. ("Regulus" or the "Company") (TSX VENTURE:REG) announces that it has closed its
previously announced brokered unit private placement offering (the "Offering"). An aggregate of 11,537,500
units (the "Units") were sold under the Offering at a price of $1.20 per Unit (the "Issue
Price") for total gross proceeds of $13,845,000. The Offering was completed by a syndicate of agents led by Haywood
Securities Inc. and PI Financial Corp. (collectively, the "Agents"). The gross proceeds of the Offering
include 1,537,500 Units issued as a result of the exercise in full of the Agents' over-allotment option granted in connection
with the Offering.
In addition, the Company is pleased to announce that it has closed its concurrent non-brokered offering of 425,000 Units at
the Issue Price for total gross proceeds of $510,000.
Total proceeds raised under the brokered and non-brokered portions of the Offering is $14,355,000.
The net proceeds of both offerings will be used to advance the AntaKori copper-gold project in Peru and for general working
capital purposes. The Company is currently in the process of planning a drill program for the AntaKori project that is
anticipated to commence by the fourth quarter of this year.
All securities issued pursuant to the Offering are subject to a four month hold period from the date of
issuance. Insiders of the Company have participated in a portion of the Offering. This news release does not constitute
an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities
described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not
be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration
requirements of such Act.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
Certain statements regarding Regulus, including management's assessment of future plans and operations, may constitute
forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties,
most of which are beyond Regulus' control. Often, but not always, forward-looking statements or information can be
identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases
or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be
achieved.
Specifically, and without limitation, all statements included in this press release that address the anticipated use of
proceeds of the Offering and any activities, events or developments that Regulus expects or anticipates will or may occur in the
future may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks
and uncertainties, most of which are beyond Regulus' control. These risks may cause actual financial and operating results,
performance, levels of activity and achievements to differ materially from those expressed in, or implied by, such
forward-looking statements. Although Regulus believes that the expectations represented in such forward-looking statements
are reasonable, there can be no assurance that such expectations will prove to be correct
Regulus does not undertake any obligation to publicly update or revise any forward-looking statements other than required
by applicable securities law.