By Sheri Kasprzak
New York, June 15 - Golden River Resources Corp. closed a $1,542,000 private placement with RAB Special Situations (Master) Fund Ltd.
RAB bought 10 million special warrants at $0.1542 each.
The special warrants are exchangeable on a one-for-one basis for common shares.
The investor will receive warrants for 20 million shares, exercisable at $0.1542 each through April 30, 2011.
Proceeds will be used for exploration on the company's gold properties held by Tahera Corp. and on the company's tenements in the Committee Bay Greenstone belt of Northern Canada. The rest will be used for working capital.
Based in Melbourne, Australia, Golden River is a gold exploration company.
| Issuer: | Golden River Resources Corp.
|
| Issue: | Special warrants exchangeable for common stock
|
| Amount: | $1,542,000
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| Special warrants: | 10 million
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| Price: | $0.1542
|
| Warrants: | For 20 million shares
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| Warrant expiration: | April 30, 2011
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| Warrant strike price: | $0.1542
|
| Investor: | RAB Special Situations (Master) Fund Ltd.
|
| Settlement date: | June 9
|
| Stock symbol: | OTCBB: GORV
|
| Stock price: | $0.15 at close June 9
|
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