RFR Renforth Resources Inc

Renforth Resources Inc. (CNSX:RFR) ("Renforth" or the "Company") is pleased to
announce the closing of a private placement offering for aggregate gross
proceeds of $760,000. The Company issued 15,200,000 Units at a price of $0.05
per Unit. Each of these Units is comprised of one common share and one-half
common share purchase warrant. Each full warrant entitles the holder to acquire
one additional non-flow through common share of the Company at a price of $0.10
per share for a period of 24 months from closing. A finder's fee equal to 8% of
the gross proceeds raised, in addition to the issuance of a number of Broker
Warrants equal to 8% of the number of Units issued, was paid to qualifying arms
length finders totaling $60,800 and 1,216,000 Broker Warrants. Each Broker
Warrant entitles the holder to acquire one additional non flow-through common
share of the Company at a price of $0.05 for a period of 24 months.


Renforth also announces that it intends to complete a non-brokered private
placement offering of up to 6,666,667 Units at a price of $0.075 per Unit for
gross proceeds of up to $500,000. Each Unit shall be comprised of one
flow-through common share and one-half common share purchase warrant. Each full
warrant shall entitle the holder to acquire one flow through common share of the
Company at a price of $0.12 per share for 24 months from closing. A finder's fee
equal to 8% of the gross proceeds raised, in addition to the issuance of a
number of Broker Warrants equal to 8% of the number of Units issued, will be
paid to qualifying arms length finders. Each Broker Warrant shall entitle the
holder to acquire one additional flow-through common share of the Company at a
price of $0.075 for a period of 24 months.


Proceeds from the financings will be allocated towards the planned exploration
and drill programs for the Company's projects, mainly a fall drill program at
the Company's New Alger gold project in Quebec.


The offerings were and will be made to residents of Canada in reliance upon
applicable exemptions from registration and prospectus requirements. The closing
of the flow-through private placement remains subject to the receipt of all
required regulatory approvals, including the approval of the Canadian National
Stock Exchange (CNSX). All securities issued or to be issued pursuant to the
offerings are or will be subject to a hold period of four months from the date
of closing.


About Renforth

Renforth Resources Inc. is a Toronto-based diamond, base metals and precious
metals exploration company with significant concessions in the McFaulds Lake
"Ring of Fire" discovery area of north- eastern Ontario as well as Spain.
Renforth has five diamondiferous kimberlites referred to as the Kyle
kimberlites: two are at the commercial bulk-sampling stage; the remaining three
are targeted for specific follow-up drilling and economic evaluation. Additional
mineral claims lie between ten and twenty kilometres from Noront Resources
Ltd.'s recent base metal discoveries at its Double Eagle Project. The Company
also has now acquired the Mina Maria Luisa project located in Southwestern
Spain, approximately 30 kilometres from the Aguas Tenidas Mine. Renforth intends
to drill targets at Mina Maria Luisa in 2011, and also has significant planned
drilling of the New Alger Gold project located in Quebec in late 2010.

Renforth Resources (CSE:RFR)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025

Renforth Resources (CSE:RFR)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025