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Saville Resources Inc. Announces Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN
THE UNITED STATES
December 27, 2017 –
Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the "Company") is pleased to
announce that it has arranged a non-brokered private placement. The arrangement is for up to
1,250,000 units (“Units”) of the Company at a price of $0.08 per Unit for gross proceeds of up to
$100,000. Concurrently the Company will also be offering up to 4,000,000 flow-through units
(“FT Units”) at a price of $0.10 per FT Unit for gross proceeds of up to $400,000. Certain insiders
of the Company intend to participate in the financing.
Each Unit will consist of one common share and one share purchase warrant. 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 closing.
Proceeds of the private placement will be used for advancement of the Company’s exploration
projects and for general corporate purposes. The Company may pay finder’s fees in connection
with the issuance of the Units under the financing. Closing of the financing is subject to all
regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued
in connection with the financing will be subject to a four-month hold period from the date of
closing in accordance with applicable securities legislation.
ON BEHALF OF THE BOARD
SAVILLE RESOURCES LTD.
“Mike Hodge”
Mike Hodge
President
Tel: 604.681.1568
Email: mhodge@savilleres.com
 
aus der Diskussion: Saville Resources
Autor (Datum des Eintrages): berlin2016  (27.12.17 23:06:24)
Beitrag: 8 von 530 (ID:56554759)
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