Brief: Rhyolite Resources Ltd Announces C$18 Million Private Placement Financing
07/12/2021 14:39
Dec 7 (Reuters) - Rhyolite Resources Ltd RYE.V :
* RHYOLITE RESOURCES LTD. – ANNOUNCES C$18 MILLION PRIVATE
PLACEMENT FINANCING
* RHYOLITE RESOURCES LTD - UNDERTAKING A NON-BROKERED
PRIVATE
PLACEMENT OF ABOUT C$4 MILLION AT A PRICE PER COMMON SHARE EQUAL
TO OFFERING PRICE
* RHYOLITE RESOURCES LTD- BMO HAS AGREED TO BUY ON A BOUGHT
DEAL
BASIS BY WAY OF PRIVATE PLACEMENT AT PRICE OF C$0.88 PER COMMON
SHARE
* RHYOLITE RESOURCES LTD- TO USE OFFERING PROCEEDS FOR
FURTHERING
ENGINEERING WORK ON MUCKAHI, PROCURING MUCKAHI EQUIPMENT,
EXPLORATION IN SURINAME
* RHYOLITE RESOURCES LTD - HAS GRANTED BMO OPTION TO
PURCHASE UP
TO ADDITIONAL 4,500,000 SHARES
Source text for Eikon: ID:nGNX7f4Q4T
Further company coverage: RYE.V
((Reuters.Briefs@thomsonreuters.com;))
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