Regulus Resources (REG-V) July 27, '16 announces that it has closed its previously announced brokered unit private placement offering. An aggregate of 11,537,500 units were sold under the Offering at a price of $1.20 per Unit 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. 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.
Regulus Resources Inc.
John E. Black
CEO / Director
+1 720 514-9036
john.black@regulusresources.com |
