News Releases
February 29, 2008
Non-Broker Private Placement
Ringbolt Ventures Ltd. has agreed to a non-brokered private placement of two million units at a price of 50 cents per unit. Each unit will consist of one common share and one-half of one share purchase warrant. Each warrant is exercisable to purchase a share at a price of 75 cents per share for a period of one year from closing. A finder's fee is payable in accordance with TSX Venture Exchange guidelines.
This private placement is subject to approval by the TSX-V.
The company would also like to announce it has set incentive stock options to purchase 750,000 shares. The options will entitle the holder to purchase shares from treasury for a price of 50 cents for a period of two years.
These options will be subject to approval by the TSX-V.
On behalf of the Board of Directors
Jason Walsh, Director
We seek Safe Harbor.
|
