Saville Resources Inc. Announces Private Placement
Suite 1450 – 789 West Pender Street
Vancouver, B.C. V6C 1H2
Phone: 604-681-5168 Fax: 604-681-8240
Saville Resources Inc. Announces Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN
THE UNITED STATES
July 20, 2018 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the "Company") is pleased to
announce that it has arranged a non-brokered private placement. The arrangement is for up to
10,000,000 units (“Units”) of the Company at a price of $0.05 per Unit for gross proceeds of up
to $500,000. Concurrently the Company will also be offering up to 25,000,000 flow-through
shares (“FT Share”) at a price of $0.06 per FT Unit for gross proceeds of up to $1,500,000.
The Units will consist of one common share and one share purchase warrant. Each warrant will
entitle the holder to purchase one additional common share of the Company at a price of $0.10
per share for a period of 24 months from closing. The flow through will be one common share
and no warrant.
Proceeds of the private placement will be used for advancement of the Company’s exploration
projects and for general corporate purposes. The Company may pay finder’s fees in connection
with the issuance of the Units under the financing. Closing of the financing is subject to all
regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued
in connection with the financing will be subject to a four-month hold period from the date of
closing in accordance with applicable securities legislation.
ON BEHALF OF THE BOARD
SAVILLE RESOURCES INC.
“Mike Hodge”
Mike Hodge
President
Tel: 604.681.1568
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.