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Viper Announces Closing of Private Placement, Resumption of Trading and Share Consolidation |
March 05, 2015
TORONTO, ONTARIO--(Marketwired - March 4, 2015) - Viper Gold Ltd. ("Viper" or the "Company") (TSX VENTURE:VPR.H) is pleased to announce that it has closed a non-brokered private placement of 1,500,000 common shares in the capital of the Company ("Common Shares") at a price of $0.05 per Common Share for aggregate gross proceeds of $75,000 (the "Private Placement"), and that it will resume trading on the NEX board of the TSX Venture Exchange as of March 6, 2015. Following closing of the Private Placement, Viper now has 3,327,200 Common Shares issued and outstanding on a post-consolidation basis. The Private Placement resulted in the creation of a new control person, Mr. David Stadnyk, who holds 700,000 Common Shares, or approximately 21% of the issued and outstanding Common Shares.
http://www.marketwired.com/mw/release.do?id=1997663&sourceType=3
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