News Releases
April 16, 2008
Non-Broker Private Placement
Ringbolt Ventures Ltd. has arranged a non-brokered private placement of six million units at a price of 50 cents per unit as previously reserved. Each unit will consist of one common share and one-half 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 financing was negotiated with a group of mainly Asian placees who will assist the company with its continuing development strategy.
The company would also like to announce it has set 250,000 incentive stock options. The options will entitle the holder to purchase shares from treasury for a price of 65 cents for a period of two years.
This private placement is subject to approval by the TSX-V.
On behalf of the Board of Directors
Jason Walsh, Director
We seek Safe Harbor.
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