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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: AuBug who wrote (57768)	3/20/2008 3:54:03 PM
From: Rocket Red	Read Replies (2) \| Respond to of 78418

added apv,ray,and aru

To: AuBug who wrote (57768)	3/20/2008 6:36:57 PM
From: Rocket Red	Read Replies (2) \| Respond to of 78418

Raytec Metals Corp (C-RAY) - News Release Raytec increases financing to $4.2-million 2008-03-20 18:34 ET - News Release Shares issued 32,617,927 RAY Close 2008-03-19 C$ 0.44 Mr. Casey Forward reports RAYTEC INCREASES FINANCING Further to Raytec Metals Corp.'s news release in Stockwatch dated Feb. 13, 2008, and subject to regulatory approval, it has increased the previously announced non-brokered private placement of up to eight million units at a price of 45 cents per unit, to a total of up to 9,333,333 units at a price of 45 cents per unit for gross proceeds of $4.2-million. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant may be exercisable for a period of two years to acquire an additional common share of the company at a price of 75 cents per whole share purchase warrant. The common shares, and share purchase warrants issued under this financing will be subject to a four-month hold period from the date of closing, as per TSX Venture Exchange policy. The warrants will contain a provision which provides that if, after the end of the four-month hold period and until the expiry date of the warrants, the closing price of the company's shares exceeds $1.25 for 10 consecutive trading days, the company may accelerate the expiry date of the warrants to the date that is 30 days after the day the notice of the new expiry date is provided to the holders of the warrants. The company has received commitments for the full offering from several institutional investors. Finder's fees in the form of cash and/or securities will be paid or issued pursuant to the policies of the TSX Venture Exchange. The proceeds of the placement will be used for advancement of the company's newly acquired potash properties and for general working capital.