- Richmond Minerals (OTCPK:RMDFF) intends to complete a non-brokered private placement of shares at a price of $0.05 per share.
- Gross proceeds up to $340,000.
- It is anticipated that one or more underwriters of the private placement will be parties related to the company.
- The Company also announces that it has entered into agreements with certain of its creditors to satisfy debts owed for products and services provided to the Company in an aggregate amount of $52,725.35.
- The company proposes to issue a total of approximately 1 million shares to satisfy these debts at an estimated price per share of $0.05.
Read more about Richmond Minerals