| $0.03 |  |
 |
| $0.03 | |
|
| July 18, 2012 Reliance Resources Limited - Completes Second Tranche of Non-Brokered Private Placement | |
| VANCOUVER, BRITISH COLUMBIA - July 18, 2012. Reliance Resources Limited (the "Company") announces the completion, subject to the final acceptance of the Toronto Stock Exchange, of the second tranche of its non-brokered private placement (the "Private Placement") announced by the Company on June 22, 2012 issuing an aggregate of 4,627,627 common shares in the capital of the Company (the "Shares") at a price of $0.15 per Share for gross proceeds of approximately $694,144. The Shares issued in this tranche are subject to a four month hold period expiring on November 19, 2012. Proceeds from the Private Placement will be used to fund the Company's Indonesian Gold projects and for working capital. On behalf of the Board of Directors of Reliance Resources Limited. Media Information, contact: Scott Emerson, President se@relianceresources.com Investor Information, contact: Mike Kordysz, mk@relianceresources.com The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement. | |
You can view the Next News Releases item: Mon Jul 30, 2012, Reliance Resources Announces Board and Management Changes You can view the Previous News Releases item: Tue Jul 17, 2012, Reliance Resources Limited - Closes First Tranche of Non-Brokered Private Placement You can return to the main News Releases page, or press the Back button on your browser. |
