Vancouver, January 12, 2016 – 92 Resources Corp. (the “Company”) (TSXV: NTY) has closed the first tranche of its non-brokered private placement announced on November 18, 2015. The first tranche consists of 990,000 Units (“Units”) at $0.05 per Unit for gross proceeds of $49,500.
Each Unit consists of one common share and one half of a share purchase warrant. Each whole share purchase warrant (a “Warrant”) is exercisable into one common share of the Company for a period of 24 months from closing at a price of $0.10 per common share.
The Company will not pay finder’s fee on this first tranche. All the securities issued will be subject to a four-month hold period from the date of closing.
The Company intends to use the proceeds for general working capital purposes.
About 92 Resources Corp.
92 Resources Corp. is an emerging junior exploration company focused on acquiring and advancing strategic & prospective assets to the benefit of its shareholders. The Company’s current 100% owned silica/quartz Zim Frac claim group near Golden, BC, as well as its Mitchell Lake uranium property, located in the Athabasca Basin, Saskatchewan, are all in good standing and currently being maintained.
For further information, please contact Adrian Lamoureux, Pres. & CEO at: Tel: 778-945-2950
firstname.lastname@example.org or visit www.92resources.com
On behalf of the Board of Directors,
Adrian Lamoureux, President & CEO
Neither the 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 news release.
Forward Looking Statements:
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Forward-looking statements in this news release include statements about the possible raising of capital and exploration of our properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company’s control. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval, that we may not be able to raise funds required, that conditions to closing may not be fulfilled, we may not be able to organize and carry out an exploration program, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.