Regal Resources Closes Private Placement

Regal Resources Inc. (CSE:RGR) announced the closing of its the previously announced non-brokered private placement by issuing 6,438,933 Units at a per Unit price of $0.09 for gross proceeds of $579,504.00.

As quoted in the press release:

Each Unit is comprised of one common share in the capital of the Company and one transferable share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share of the Company at a per share price of $0.10 for a period of 24 months from the date of closing of the offering, subject to accelerated expiry in certain circumstances.

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