Regal Resources Announces Private Placement

Regal Resources Inc. (CSE:RGR) has announced a non-brokered private placement of up to $420,000.00 consisting of up to 3,500,000 units at a price of $0.12 per Unit.

As quoted in the press release:

Each Unit will consist of one common share in the capital of the Company and one half of one share purchase warrant (each whole warrant, a “Warrant”). Each warrant will entitle the holder thereof to purchase one additional Share of the Company at a per share price of $0.18 for a period of two years from the date of closing of the offering, subject to accelerated expiry in certain circumstances.

Click here to read the Regal Resources Inc. (CNSX:RGR) press release