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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Andrew~ who wrote (4784)	6/17/2016 7:46:20 PM
From: Goose94	Read Replies (1) \| Respond to of 203690

Revolver Resources (RZ-V) June 17, '16 is pleased to announce that it has closed the first tranche of the private placement announced on May 24, 2016 for gross proceeds of $341,502.50. The first tranche is for a total of 2,276,684 shares, the units of the financing comprise of one common share at a price of $0.15 and one full share purchase warrant at a price of $0.20 per share, which may be exercised for a period of five years. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of $0.25 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. The Company announces October 22, 2016 as the hold period expiry date for this first tranche of the private placement. The Company paid a cash commission of $20,975.25 and issued 139,835 broker warrants. The broker warrants have the same terms as the private placement warrants. The Company further announces that it will increase the total amount of the private placement to $1,050,000 on a non-brokered basis through the sale of up to 7,000,000 units at a price of $0.15 cents per unit. The units of the financing will comprise one common share and one share purchase warrant, which may be exercised for a period of five years at a price of $0.20 per share. The term of the warrants may be accelerated in the event that the Company's shares trade at or above a price of $0.25 per share for a period of 10 consecutive trading days. In such case of accelerated warrants, the Company may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. A finder's fee may be paid to eligible finders in accordance with the TSX Venture Exchange policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offerings and payment of finders' fees are both subject to approval by the TSX-V. On Behalf of the board of directors, “Barry Brown” Barry Brown, Director 604-488-3900