Reservoir Minerals Raises $13.65 Million From Accelerated Exercise of 2011 Warrants
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/15/12 -- Reservoir Minerals Inc. (the "Company") (TSX VENTURE: RMC)(PINKSHEETS: RVRLF)(BERLIN: 9RE) is pleased to report that, of the 15,206,032 share purchase warrants ("Warrants") issued on October 13, 2011 as part of its private placement financing, 15,176,032 Warrants have been exercised for proceeds to the Company of $13,658,429. The remaining 30,000 Warrants that were not exercised expired at 4:30 p.m. (Vancouver time) on October 4, 2012.
The Company currently has 41,461,664 shares issued and outstanding and approximately $19.8 million in its treasury.
About the Company:
Reservoir Minerals Inc. is an international mineral exploration and development company run by an experienced technical and management team, with a portfolio of precious and base metal exploration properties in Serbia and West Africa.
For further information on Reservoir Minerals Inc., please consult our website www.reservoirminerals.com.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Reservoir Minerals Inc.
Chris MacIntyre
+1.416.703.0010
chris@reservoirminerals.com
www.reservoirminerals.com