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

To: Goose94 who wrote (9639)	11/3/2014 5:46:44 PM
From: Goose94	Read Replies (1) \| Respond to of 202668

Regulus Resources (REG-V) Nov 3rd 2014 announces that it has closed the first tranche of its previously announced $5 million non-brokered private placement offering. The Company today issued 10,811,111 Units at $0.45 per Unit to subscribers for proceeds of $4,865,000. Each Unit consists of one common share of Regulus and one half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the Company at $0.70 per share for a period of three years. The Company anticipates closing the remaining amount of $135,000 of the Financing in the near future. The purpose of the Financing is to further strengthen the Company's balance sheet so that it is better positioned to advance the AntaKori copper-gold project in Peru that was recently acquired by the Company through its merger with Southern Legacy Minerals Inc. Regulus will issue a further press release outlining its plans for the AntaKori project over the next 6-12 months after a budget has been approved by the Board of Directors. All securities to be issued pursuant to the Financing will be subject to a four month hold period from the date of issuance. Insiders of the Company participated in a portion of the Financing. Finder's fees were payable on a portion of the Financing. 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. All of Regulus' exploration programs and pertinent disclosure of a technical or scientific nature (including such disclosures as are referenced in this release) are prepared by, or under the direct supervision of, John E. Black, Regulus' CEO, who serves as the qualified person (QP) under the definitions of National Instrument 43-101. Regulus Resources Inc. John E. Black +1 720 514-9036 john.black@regulusresources.com