REVOLVER RESOURCES INC.
Revolver Resources Corporate Update
(TSXV : RZ)
VANCOUVER, British Columbia — March 2, 2016 — REVOLVER RESOURCES INC. (TSXV.RZ) (the “Company” or “Revolver’} is pleased to announce that it has closed the private placement announced on January 15, 2016 for gross proceeds of $87,000. The units of the financing comprise of one common share and one full share purchase warrant, which may be exercised for a period of five years at a price of eight cents per share. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of 10 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. The Company announces June 20, 2016, as the hold period expiry date for this private placement.
The Company also announces that it held its annual general meeting on January 4, 2016, in Vancouver, and all resolutions proposed in the management proxy circular were approved. At the AGM, shareholders voted to elect Robert Birmingham, Barry Brown, Quinn Field-Dyte and Scott Kent as directors for the ensuing year.
Revolver further announces that it has appointed Zenaida Manalo to act as Chief Financial Officer, effective immediately.
Gn Behalf of the board of directors,
“Barry Brown”
Barry Brown, Director
604-488-3900
This press release includes certain statements that may be deemed “forward-looking statements", All Statements in this release, other than statements of historical facts, that address future exploration drilling,
exploration activities and events or developments that the Company expects, are forward looking Statements. Although the Company believes the expectations expressed in such forward-looking statements
are based on reasonable as: ions, are not guarantees of future performance and actual results or developm iffer materi: those in forward-looking statements, Factors that could cause actual results to differ materi in forward-looking statements include exploitation and exploration sw conti wailabilis jancing, and general economic, market or business conditions.
ither TSX Venture Exchange nor its ie ices Provider (as that term is defined in the policies the TSX Venture at is re ibility for the adequacy or accuracy of this release.
888 Dunsmuir Street, Suite 888, Vancouver BC V6C 3K4 (604) 488-3900