Toronto, Ontario (FSCwire) - Renforth Resources Inc. (CSE – RFR) (“Renforth” or the “Company”) is pleased to announce that the 2017 Parbec drill program finished on Dec 22, 2017 with a total of 1265m drilled to complete 7 of the planned drillholes. A total of 948 samples were cut and delivered to Bourlemaque Assay Laboratory of Val d’Or, Quebec where they will be assayed using fire assay with a gravimetric finish for any results over limit (a fire assay result greater than 10 g/t Au).
Renforth is also pleased to announce that in December of 2017 a total of $916,480 was raised in a second closing of the non-brokered financing announced on Nov. 29, 2017. This closing resulted in the issuance of 3,350,000 common share units and 12,483,000 flow through units. Combined with the previously announced (December 14, 2017) closing of $148,500 this brings the total financed in December 2017 by Renforth to $1,064,980. Using these funds Renforth will shortly resume drilling at Parbec with planned holes and making the January 2018 property payment due under the Parbec option agreement.
Brian H. Newton P.Geo, a “qualified person” as per the requirements laid out in National Instrument 43-101 has read and approved the technical information found in this press release.