Regulus Resources Receives C$3.9 Million from Warrant Exercises
TSX VENTURE: REG
VANCOUVER, B.C., Nov. 08, 2017 (GLOBE NEWSWIRE) -- Regulus Resources Inc. ("Regulus" or the "Company") (TSX.V:REG) announces that all share purchase warrants (the "2014 Warrants") issued pursuant to the Company's 2014 private placement have been exercised. In total, 5,555,555 warrants were exercised at an exercise price of $0.70 for total proceeds of C$3,888,889.
The Company currently has 74.2 million issued and outstanding common shares (including the shares issued pursuant to the exercise of the 2014 Warrants) and a treasury balance of approximately C$9.2 million.
About Regulus Resources Inc. and the AntaKori Project
Regulus Resources Inc. is an international mineral exploration company run by an experienced technical and management team, with a portfolio of precious and base metal exploration properties located in North and South America. The principal project held by Regulus is the AntaKori copper-gold-silver project in northern Peru. The AntaKori project currently hosts an inferred resource of 294.8 million tonnes with a grade of 0.48% Cu, 0.36 g/t Au and 10.2 g/t Ag based upon 17,950 m of drilling by previous operators (see Southern Legacy Minerals press release of July 3rd, 2012 - Southern Legacy Minerals and the Company entered into a business arrangement in 2014 and kept the name Regulus Resources Inc.). Mineralization remains open in most directions and drilling is currently underway to confirm and increase the size of the resource.