(PRZCF-OTCBB)
(TSXV.GR)
VANCOUVER, Jan. 19 /PRNewswire/ - GREENLIGHT
RESOURCES INC. (TSXV.GR), announces that it has closed
the second and final tranche of its non-brokered private placement
consisting of 902,500 common shares at a price of $0.18 announced
on December 15, 2012.
The Company is pleased to announce that it has
closed the second and final tranche of its non-brokered private
placement consisting of 902,500 common shares at a price of $0.18
announced on December 15, 2012. Each unit consists of one
common share and one share purchase warrant which allows the holder
to purchase one additional share of the Company at a price of $0.25
per share for a period of one year from the closing of the private
placement. The total private placement consists of 2,420,000
units in the capital stock for total gross proceeds of
$435,600. The shares are subject to a four month hold
period.
On Behalf of the board of directors
"Ron Bourgeois"
Ron Bourgeois, President
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Tel: (604) 488-3900, email:
info@GreenLightResources.ca
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.
Forward-looking statements relating to future events or future
performance and reflecting Green Light Resources management's
expectations or beliefs regarding future events include, but are
not limited to, statements with respect to completion of the
private placement and related matters. In certain cases,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" or the negative of these
terms or comparable terminology. By nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of Green Light Resources to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such
factors include, among others, risks related to actual results of
current exploration activities; changes in project parameters as
plans continue to be refined; future prices of resources; possible
variations in ore reserves, grade or recovery rates; accidents,
labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion
of development or construction activities; as well as those factors
detailed from time to time in Green Light Resources interim and
annual financial statements and management's discussion and
analysis of those statements, all of which are filed and available
for review on SEDAR at www.sedar.com. Although Green Light
Resources has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward looking statements.
SOURCE Greenlight Resources Inc.
Copyright . 19 PR Newswire