Monday, March 4, 2013
RGUS
Announced that it has received regulatory approval and closed tranche one of a non-brokered private placement of up to 4,000,000 common shares (the "Units") to raise up to $400,000 as described in its December 18,2012 news release. Units were priced at $0.10 per Unit, with each Unit comprised of one common share and one non-transferable share purchase warrant. Each one warrant shall entitle the holder thereof to acquire one additional common share of Reg, from treasury, at an exercise price of $0.15 per share for a period of one year from the date the Units are issued.
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