Business News • MarketWire • Sun Valley Gold LLC: Control and Direction Over Common Shares and Warrants of Revolution Resources Corp. |
Sun Valley Gold LLC: Control and Direction Over Common Shares and Warrants of Revolution Resources Corp. |
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Sun Valley Gold LLC: Control and Direction Over Common Shares and Warrants of Revolution Resources Corp.
SUN VALLEY, IDAHO--(Marketwire - Aug. 28, 2012) - Sun Valley Gold LLC ("Sun Valley") announced today that on April 3, 2012 it acquired control and direction over 5,000,000 units ("Units") of Revolution Resources Corp. ("Revolution Resources") on behalf of Sun Valley Gold Master Fund, Ltd. (the "Master Fund"), a client account over which it has discretionary trading authority. The Units were acquired as part of a private placement by Revolution Resources of a total of 16,962,500 Units for a subscription price of $0.34 per Unit. Each Unit consists of one common share ("Common Share") of Revolution Resources and one half of one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.60 per share until October 3, 2013.
View More : http://www.marketwire.com/mw/release.do?id=1695359&sourceType=3
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