Regal Resources Inc.
CNSX : RGR

Regal Resources Inc.

September 23, 2013 09:00 ET

Regal Resources Announces Private Placement Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 23, 2013) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Regal Resources Inc. (the "Company" or "Regal") (CNSX:RGR) announces that it will conduct a non-brokered private placement of up to 10,000,000 units (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of up to $1,000,000. Each Unit will consist of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one additional common share of the Company at a per share price of $0.20 for a period of one year from the date of closing of the offering. Shares acquired by the placees and shares which may be acquired upon the exercise of the share purchase warrants will be subject to a hold period of four months and one day from the date of closing of the offering.

Funds raised by this private placement will be used by Regal to fund a proposed drill program on its Patagonia (Sunnyside) Project and for general corporate purposes.

Finder's fee on terms yet to be determined may be paid to persons who introduce subscribers to Regal.

About Regal Resources Inc. (www.regalresinc.com):

Regal Resources Inc. is a junior mineral exploration and development company based in Vancouver, Canada. The Company is focused on the development and acquisition of copper projects in the prolific copper producing state of Arizona. The Company is currently focused on its advanced exploration copper/silver property, the Patagonia (Sunnyside) property, located near Nogales, Arizona. Regal Resources is listed on the Canadian National Stock Exchange (CNSX) under the symbol (RGR).

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

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