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RVM > SEC Filings for RVM > Form 8-K on 1-Apr-2014All Recent SEC Filings

Show all filings for REVETT MINING COMPANY, INC.

Form 8-K for REVETT MINING COMPANY, INC.


1-Apr-2014

Unregistered Sale of Equity Securities


ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES

On March 31, 2014, Revett Minerals closed a non-brokered private placement of its shares. The private placement consisted of the sale of 4,499,100 units at a price of US$ 0.78 per unit for gross proceeds to the Company of US$ 3,509,300.00 Each unit consists of one share of common stock and one-half of a common stock purchase warrant with an exercise price US$ 1.00 per full warrant exercisable within 24 months.

The offering of the units was closed in two tranches. The first tranche, for 2,307,690 units and proceeds of $1,800,000.00 closed on March 25th; the second tranche, for an additional 2,191,410 units and proceeds of $ 1,709,300.00 closed on March 31, 2014. With the closing of the first and the second tranche, Revett will have 39,121,989 shares of common stock outstanding.

Revett will use the proceeds of the offering to fund ongoing development at its Troy mine and to advance permitting of its Rock Creek project in northwestern Montana.

The aforementioned securities will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act").

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