Revolver Resources Corporate Update
Vancouver, British Columbia – March 2, 2016 – REVOLVER RESOURCES INC. (TSXV.RZ) (the “company” or “revolver”) is pleased to announce that it has closed private placement announced on January 15th, 2016 for gross proceeds of $87. 000. The units of the financing comprise of one common share and one full share purchase warrant, which may be exercised for a period of five years at a price of eight cents per share. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of 10 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. The Company announces June 20, 2016, as the hold period expiry date for this private placement.
The Company also announces that it held its annual general meeting on January 4, 2016, in Vancouver, and all resolutions proposed in the management proxy circular were approved. At the AGM, shareholders voted to elect Robert Birmingham, Barry Brown, Quinn Field-Dyte and Scott Kent as directors for the ensuing year.
Revolver further announce that it has appointed Zenaida Manalo to act as Chief Financial Officer, effective immediately.
On Behalf of the board of directors,
Barry Brown, Director
This press release includes certain statements that may be deemed “forward-looking statements. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
Neither TXS 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.