|October 26, 2011|
NOT FOR DISSEMINATION IN THE UNITED STATES
Vancouver, BC: Ross River Minerals Inc. (TSX-V: RRM) (the "Company") is pleased to announce that it has arranged a non-brokered private placement by the sale of 20,000,000 Units at a price of $0.10 per Unit for total gross proceeds of $2,000,000. Each Unit will consist of one common share and one non-transferable share purchase warrant (the "Warrant"). Each Warrant entitles the holder to acquire a common share for a period of one year from closing at a price of $0.20 per share. If the Company's shares trade at $0.30 or above for ten consecutive trading days, the Company has the right to give the warrant holders thirty days notice to exercise the Warrants and all unexercised Warrants at the end of that period will expire.
The proceeds from this private placement will be used for general working capital. The Company may pay finders fees to certain parties in accordance with the policies of and subject to the approval of the TSX Venture Exchange.
This financing is subject to the approval of the TSX Venture Exchange.
To find out more about Ross River Minerals (TSX-V: RRM) visit our website at www.rossriverminerals.com.
ROSS RIVER MINERALS INC.
Per: "Marcus N. Foster"
Marcus N. Foster, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered in the United States Securities Act of 1933, as amended (the "US Securities Act") or any state securities laws and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable securities laws or an exemption from such registration is available.
You can view the Next News Releases item: Wed Feb 15, 2012, Appoinment of New Director, Advisor & Granting of Incentive Stock Options
You can view the Previous News Releases item: Tue Sep 13, 2011, Tay-LP Option Agreement Amended
You can return to the main News Releases page, or press the Back button on your browser.