Richmond Minerals Inc. Completes $245,000 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
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
Richmond Minerals Inc. Completes $245,000 Non-Brokered Private Placement
Toronto, Ontario, September 14, 2018 – Richmond Minerals Inc. ( TSX-V: RMD) (“Richmond”) is pleased to
announce that, further to its announcem ent on August 15, 2018, it has comple ted a non-brokered private placement
for aggregate gross proceeds of $245,000 (the “ Offering”). The Offering consisted of the sale of 4,083,332 flow
through units (FT Units”) at a price of $0.06 per FT Unit.
Each FT Unit consisted of one (1) common share in the capital stock of the Richmond that is a “flow-through share”
within the meaning of the Income Tax Act (Canada) (the “ Act”) and one-half (½) of one common share purchase
warrant (a “FT Warrant”). Each whole FT Warrant will entitle the holder to purchase one (1) common share at a
price of $0.08 per common share until the date which is tw o (2) years following the closing date of the Offering,
whereupon the FT Warrants will expire.
Richmond intends to use the net proceeds from the Offering to fund “Canadian exploration expenses” (within the
meaning of the Act) and for continued exploration on Richmond’s assets and for general working capital purposes.
Richmond will ensure that the proceeds received from the amount allocated to the Common Shares comprising part
of the FT Units sold will be used to incur expenses wh ich qualify as Canadian Expl oration Expenses and Flow-
Through Mining Expenditures for purposes of the Act and will renounce such expenses with an effective date of no
later than December 31, 2018.
The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold
period.
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 exemption from such registration 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 is also pleased to announce that shareholders voted in favor of all Director Nominees, the appointment
of Wasserman Ramsay, Chartered Accountants as auditors, and the approval of the Corporation's rolling stock option
plan at Richmond's Annual and Special meeting which took place September 10, 2018. The Director Nominees elected
are: Franz Kozich-Koschitzky, President, CEO and Director, and Director s Andrew McQuire, Paul Millar, Bogdan
Nitescu and Lee Bowles.
For more 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 release contains forward-looking information which is not comprised of historical fact s. Forward-looking information involves risks,
uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ mat erially from those
expressed or implied by such forward-looki ng information. Forward looking information in this news release includes, but is not limited to,
Richmond’s objectives, goals or future plan s, including successful completion of the O ffering. Factors that could cause actual results to differ
materially from such forward-looking info rmation include, but are not limited to, ch anges in general economic conditions and co nditions in the
financial markets; changes in demand and pr ices for minerals; litigation, legislative, environmental and other judicial, regula tory, political and
competitive developments, and those risks set out in Richm ond’s public documents filed on SEDAR. Although Richmond believes tha t the
assumptions and factors used in preparing the 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 ob ligation to update or revise any forward-looking information, whether as a result of
new information, future events or otherwise, other than as required by law.