BRIEF-Rhyolite Resources Ltd Announces C$18 Million Private Placement Financing

reuters · Dec 7, 2021 22:42

Dec 7 (Reuters) - Rhyolite Resources Ltd RYE.V :

* RHYOLITE RESOURCES LTD. – ANNOUNCES C$18 MILLION PRIVATE PLACEMENT FINANCING

* RHYOLITE RESOURCES LTD - UNDERTAKING A NON-BROKERED PRIVATE PLACEMENT OF ABOUT C$4 MILLION AT A PRICE PER COMMON SHARE EQUAL TO OFFERING PRICE

* RHYOLITE RESOURCES LTD- BMO HAS AGREED TO BUY ON A BOUGHT DEAL BASIS BY WAY OF PRIVATE PLACEMENT AT PRICE OF C$0.88 PER COMMON SHARE

* RHYOLITE RESOURCES LTD- TO USE OFFERING PROCEEDS FOR FURTHERING ENGINEERING WORK ON MUCKAHI, PROCURING MUCKAHI EQUIPMENT, EXPLORATION IN SURINAME

* RHYOLITE RESOURCES LTD - HAS GRANTED BMO OPTION TO PURCHASE UP TO ADDITIONAL 4,500,000 SHARES

Source text for Eikon: ID:nGNX7f4Q4T Further company coverage: RYE.V

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BRIEF-Rhyolite Resources Ltd Announces C$18 Million Private Placement Financing

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