Richmond Minerals Inc. Announces Non-Br oker ed Pr ivate Placem ent
Trading Symbol TSX(V): RMD
Boerse Frankfurt: WKN A1W98A: R52
Bus. (416) 603 -2114; Fax (416) 603 -8436
Richmond Minerals Inc., 133 Richmond W, Suite 403, Toronto , Ontario M5H 2L3
Richmond Minerals Inc. Announces Non-Br oker ed Pr ivate Placem ent
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
S TATES
Toronto, Ontario, January 2 , 201 9 – Richm ond Minerals Inc. ( TSX-V: RMD) (“Richmond”) announce s that it
intends to com plete a non -brokered private placement for gross proceeds of up to $ 200,000 through the issuance of
up to 4,000,000 flow through units ( FT Uni ts”) at a price of $0.0 5 per FT Unit (the “ Offering”). The Offering is
ex pected to close on or about January 2 , 2019.
Each FT Unit will consist of one (1) com m on share in the capital stock of the Issuer that is a “flow -through share”
within the m eaning of the Income Tax Act (Canada) ( “Common Share”) and one -half (½) of one com m on share
purchase warrant (a “ FT Warrant”). Each whole FT Warrant will entitle the holder to purchase one com m on share
at a price of $0.08 per com m on share until the date which is two (2) years following the closing date of the Offering ,
whereupon the FT Warrants will ex pire.
The securities issued and issuable pursuant to the Offering will be subject to a four m onth and one day statutory hol d
period.
Richm ond intends to use the net proceeds from the offering to fund “Canadian ex plorati on ex penses” (within the
m eaning of the Income Tax Act (Canada)) and for continued ex ploration on Richm ond’s assets and for general
working capital purposes.
The Offering is subject to certain conditions including, but not lim ited to, the receipt of all necessary approvals,
including the approval of the TSX V enture Ex change (“TSX-V”) and applicable securities regulatory authorities.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S.
Securities Act”), or applicable state securities laws, and may not be offered or sold to persons in the United States
absent registration or an ex e m ption from such registration requirem ents. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
For information, please contact:
Warren Hawkins, P. Eng.
Ex ploration Manager
Tel: 416-603-2114
CAUTIONARY STATEMENT: Neither the TSX-V nor it s Regulat ion Services Provider (as that term is defined in the policies of the TSX-V)
accepts responsibility for the adequacy or accuracy of this release. This news release contains forward -looking information w hich is not
comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results,
performance, prospec ts and opportunitie s to diffe r mate rially from those expressed or implied by such forw ard-looking information. Forw ard
looking informa tion in this new s release includes, but is not limited to, Richmond’s objectives, goals or future plans, including successful
completion of the Offering. Factors that could cause actual results to differ materially from such forward-looking information include, but are not
limited to, changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and competitive developments, and those risks set out in Richmond’s public
document s filed on SEDAR. Although Richmond believes t hat the assumptions and factors used in preparing t he forward-looking information in
this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release,
and no assurance can be given that such events will occur in the disclosed time frames or at all. Richmond disclaims any intention or oblig ation to
update or revise any forward-looking informa tion, w hether as a result of new informa tion, future eve nts or otherw ise, other than as required by
law.