June 26, 2015 Vancouver, BC, Canada: 92 Resources Corp. (NTY–TSXV) (the “Company”) reports further to the company’s news release dated June 12, 2015, has closed the non-brokered private placement financing for proceeds of $211,000.
The company has allotted and issued 8,440,000 units at a price of 2.5 cents per unit. Each unit will consist of one share and one-half of one share purchase warrant. Each whole warrant will permit the holder to acquire one additional share at a price of five cents until June 26, 2017.
In connection with this private placement, the company has not paid finders’ fees. All securities issued in connection with the offering are subject to a four-month-and-one-day hold period expiring October 27, 2015, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange.
The company intends to use the proceeds from the private placement to finance exploration work programs on the company’s properties, and for general working capital. Approximately $111,000 will be expended on exploration on our Mitchell Lake Property in Athabasca Basin, Saskatchewan and general working capital, approximately $25,000 in bookkeeping and accounting services; approximately $27,000 for regulatory and legal fees; $8,000 in rent and up to $40,000 will be used to pay management and administrative expenses to related parties. This will permit the Company to continue exploration activities through the 2015 season.
About 92 Resources Corp.
92 Resources 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, 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, President & CEO, 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 it’s 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 anticipated use of proceeds. 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.