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Revolver Resources Inc. Announces Closing of $80,000 Second Tranche of Private Placement


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© Marketwire 2012
2012-12-18 22:36:04 -

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/18/12 -- Revolver Resources Inc. (TSX VENTURE:RZ) (the "Company") announces it has closed its second tranche (the "2nd Tranche") financing for total gross proceeds of $80,000 by the issuance of 1,600,000 units (each a "Unit") at a price of $0.05 per Unit. Each Unit consists of one common share (a "Share") and one transferable share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one common share (a "Warrant Share") at a price of $0.15 per Warrant Share for a period of one year from the closing of the 2nd Tranche. This closing represents the second and final tranche of the Company's previously announced non-brokered private placement.



All securities issued above are subject to a hold period expiring on April 19th, 2013, being four months and one day after closing of the 2nd Tranche. The proceeds of the 2nd Tranche will be used for general working capital and for exploration expenditures on the Company's properties.


This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


Robert L. Birmingham, President


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Contacts:

Revolver Resources Inc.

Robert Birmingham

604-608-6611
rob@revolverresources.com :

www.revolverresources.com



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