Vancouver, BC – July 27, 2015: 92 Resources Corp. (TSX-V: NTY) (the “Company”) is pleased to announce that it has arranged a non-brokered private placement (the “Private Placement”) of up to 6,000,000 units (the “Units”) at a price of $0.05 per Unit to raise gross proceeds of up to $300,000. Vancouver based Zimtu Capital Corp. is the lead subscriber in the offering.
Each Unit will consist of one common share of the Company and one half of one transferable share purchase warrant (a “Warrant”). Each whole Warrant will permit the Warrant holder to acquire one additional common share of the Company (a “Warrant Share”) at a price of $0.10 per Warrant Share for a period of two years after closing.
Finders’ fees may be paid by the Company in conjunction with the completion of the private placement in accordance with TSX Venture Exchange policies.
The Company intends to use the net proceeds from the Private Placement 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.
About 92 Resources Corp.
92 Resources is an emerging junior exploration company focused on acquiring and advancing strategic & prospective assets to the benefit of its shareholders. The Company’s 100% owned silica/quartz ZimFrac claim group, as well as its Mitchell Lake uranium property, located in the Athabasca Basin, Saskatchewan, are all in good standing and currently being maintained.
For further information, please contact Adrian Lamoureux, Pres. & CEO at: Tel: 778-945-2950 firstname.lastname@example.org or visit www.92resources.com
On behalf of the Board of Directors,
Adrian Lamoureux, President & CEO
Neither the TSX Venture Exchange nor it’s 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.