Vancouver, BC – June 25, 2014: 92 Resources Corp. (TSX-V: NTY) (the “Company”) announces that it has arranged a non-brokered private placement (the “Private Placement”) of up to 10,000,000 units (the “Units”) at a price of $0.06 per Unit to raise gross proceeds of up to $600,000.
Each Unit will consist of one common share of the Company and one transferable share purchase warrant (a “Warrant”). Each Warrant shall be exercisable to acquire one additional common share of the Company (a “Warrant Share”) for a period of two years at a price of $0.10 per Warrant Share. Finder’s fee may be payable in whole or in part with respect to the Private Placement pursuant to the policies of the TSX Venture Exchange.
The Company intends to use the net proceeds from the Private Placement to finance exploration work program on the company’s properties and for general working capital.
The Private Placement is subject to acceptance by the TSX Venture Exchange. All the securities issued under the Private Placement are subject to resale restrictions under applicable securities legislation.
For further information, please contact Adrian Lamoureaux, President, at Adrian@92resources.com or visit www.92resources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Statements made in this news release that are not historical facts are “forward-looking statements”, and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these “forward-looking” statements.
Vancouver, BC, June 9 2014: Rio Grande Mining Corp. (TSX.V: RGV) (the “Company”) is pleased to announce that effective at the opening of trading on June 10, 2014, the consolidated shares of the Company will commence trading on the TSX Venture Exchange on the basis of 1 (one) new, post-consolidated common share for every 5 (five) old, pre-consolidated common shares. The Company will also be undergoing a name change to “92 RESOURCES CORP.” and trade under the new stock symbol of TSX.V: NTY.
The new name of the Company reflects a focus on the energy sector, particularly in the uranium market and in the development of high-quality silica sand, suitable for hydraulic fracturing and other specialty materials, where the board perceives an opportunity for significant growth and upside. As part of the rebranding and marketing of 92 RESOURCES CORP., the company has launched a new website (www.92resources.com). The Company owns 100% interest in the Zim Frac silica claims located near the town of Golden in southeastern British Columbia (Ref. News Release dated Jan. 28, 2014). Currently, the Company is in the process of completing the regulatory filing of the Mitchell Lake Uranium Project, located in the prolific east side of the Athabasca Basin, Saskatchewan and expects the transaction to complete in the near term.
As at June 9, 2014, the Company had 18,402,689 shares issued and outstanding. Post consolidation, the Company will have 3,680,538 shares issued and outstanding. The Company’s new CUSIP number is 654406107 and the new ISIN number is CA6544061071. As per the Company’s articles and subsequent TSX Venture Approval, no shareholder approval was required for this consolidation, and no letter of transmittal was required for mailing.
All shareholders with physical certificates in hand will be required to send their respective certificates representing the pre-consolidated common shares to the Company’s transfer agent, TMX Equity Transfer Services (“TMX Equity”), at 200 University Avenue, Suite 300, Toronto, Ontario, M5H 4H1 (by phone: 1-866-4891 ext.205 or by email: firstname.lastname@example.org). All Shareholders who submit their pre-consolidated share certificate(s) to TMX Equity will receive in return a new, post-consolidated share certificate(s).
On behalf of the Board of Directors,
President & CEO
For more information please contact Mr. Lamoureux at 1 604 676 9650, TF: 1 888 486 5613