Richmond Minerals Inc. Announces Update on Non-Brokered Private Placement
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 Update on Non-Brokered Private Placement
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
Toronto, Ontario, August 15, 2018 – Richmond Minerals Inc. ( TSX-V: RMD) (“Richmond”) announces that it
has updated the terms of the non-brokered private placement as originally announced on July 10, 2018. The updated
private placement will be for gross proceeds of up to $400,000 through the issuance of up to 6,666,666 flow through
units (FT Units”) at a price of $0.06 per FT Unit (the “ Offering”). The Offering is expected to close on or about
August 23, 2018.
Each FT Unit will consist of one (1) co mmon share in the capital stock of the Issuer that is a “flow-through share”
within the meaning of the Income Tax Act (Canada) (“Common Share”) and one-half (½) of one common share
purchase warrant (a “FT Warrant”). Each whole FT Warrant will entitle th e holder to purchase one common share
at a price of $0.08 per common share until the date which is two (2) years following the closing date of the Offering,
whereupon the FT Warrants will expire.
The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold
period.
Richmond intends to use the net proceeds from the offering to fund “Canadian exploration expenses” (within the
meaning of the Income Tax Act (Canada)) and for continued exploration on Richmond’s assets and for general
working capital purposes.
The Offering is subject to certain co nditions including, but not limited to, the receipt of all necessary approvals,
including the approval of the TSX Venture Exchange (“TSX-V”) and applicable securities regulatory authorities.
The securities offered have not been registered under th e U.S. Securities Act of 1933, as amended (the “U.S.
Securities Act”), or applicable state securities laws, and ma y not be offered or sold to persons in the United States
absent registration or an exemption from such registratio n requirements. 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.
Richmond also announces that its Annu al and Special Meeting fo r Shareholders for Year End 2017 will be held
Monday, September 10, 2018, 11 am at its head office located at 133Richmond St. W, Suite 403, Toronto.
For information, please contact:
Warren Hawkins, P. Eng.
Exploration Manager
Tel: 416-603-2114
Fax: 416-603-8436
CAUTIONARY STATEMENT: Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TS X-V)
accepts responsibility for the adequacy or accuracy of this release. This news re lease contains forward- looking information whi ch is not
comprised of historical facts. Forward-looking information in volves risks, uncertainties and other factors that could cause act ual events, results,
performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking informati on. Forward
looking information in this news release includes, but is not limited to, Richmond’s objectives, goals or future plans, includi ng successful
completion of the Offering. Factors that c ould cause actual results to differ materially from such forward-looking information include, but are not
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
limited to, changes in general economic conditions and conditions in the financial markets; changes in demand and prices for mi nerals; litigation,
legislative, environmental and other judi cial, regulatory, political and competitive de velopments, and those risks set out in R ichmond’s public
documents filed on SEDAR. Although Richmond believes that the assump tions and factors used in preparing the forward-looking inf ormation in
this news release are reasonable, undue re liance should not be placed on such informa tion, 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 obligation to
update or revise any forward-looking information, whether as a re sult of new information, future events or otherwise, other tha n as required by
law.