- Richmond Minerals (OTCPK:RMDFF) intends to complete a non-brokered private placement of shares at a price of $0.05 per share.
- Gross proceeds of up to $340K.
- It is anticipated that one or more of the subscribers in the private placement will be related parties to the company.
- The company also announces that it has entered into agreements with certain of its creditors to satisfy debts owing for products and services provided to the company in the aggregate amount of $52,725.35.
- The company proposes to issue an aggregate of ~1M shares to satisfy such debts at a deemed price per share of $0.05.
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