News Releases
April 28, 2008
Ringbolt Ventures 5.18-Million-Share Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 16, 2008.
Number of shares: 5,184,000
Purchase price: 50 cents per share
Warrants: 2,592,000 share purchase warrants to purchase 2,592,000 shares
Warrant exercise price: 75 cents for a one-year period
Hidden placees: 41
Pro group participation: Bryan Henry, 40,000; Lu Ma, 20,000
Finders' fees: Fast Marine Group Ltd. (Shane Ivancoe) receives $30,000; Elite Vantage Development Limited (Simon Tam) receives 100,000 shares; Triglobal Investments Ltd. (Victor Chang) receives 50,000 shares; Li Wei receives 300,000 shares
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