Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.
If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.
* Price is subject to applicable taxes.
Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.
Saville Resources Inc. Closes Non-Brokered Private Placement
Vancouver, British Columbia (FSCwire) - Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “Company” or “Saville”) is pleased to announce that it has closed the first tranche of its non-brokered private placement (the “Private Placement”) of 2,387,000 flow-through units (“FT units”) of the Company at a price of $0.10 per unit for gross proceeds of $238,700. Certain insiders of the Company participated in the financing.
Each FT Unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.15 per share for a period of 24 months from January 15, 2018.
Proceeds of the private placement will be used for advancement of the Company’s exploration projects and for general corporate purposes.
In connection with the completion of the Private Placement, the Company has paid a finder’s fee in the amount of C$1,435. Securities issued pursuant to the Private Placement are subject to a four month hold period expiring May 16, 2018.
Property Agreement Amendment
The Company has received regulatory approval for an amending agreement dated Dec 29, 2017 with John A. Kemp in relation to the Bud Property. The final option payment of $75,000 and 100,000 shares will now be satisfied by the payment of $30,000 and the issuance of 250,000 shares. The securities issued pursuant to the agreement are subject to a four month hold period expiring May 18, 2018.
On Behalf of the Board of Directors
SAVILLE RESOURCES INC.
“Mike Hodge”
Mike Hodge
President
Tel: 604.681.1568
Neither 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 release.
To view the original release, please click here
To follow Saville Resources Inc. on your favorite social media platform or financial websites, please click on the icons below.
Maximum News Dissemination by FSCwire. https://www.fscwire.com
Copyright © 2018 FSCwire