Regulus Resources Inc.
TSX VENTURE : REG

Regulus Resources Inc.

November 11, 2011 08:30 ET

Regulus Closes Private Placement with IFC

WATERDOWN, ONTARIO--(Marketwire - Nov. 11, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Regulus Resources Inc. ("Regulus" or the "Company") (TSX VENTURE:REG) is pleased to announce that it has closed its previously announced private placement with IFC, a member of the World Bank Group focused on private sector investments in developing countries. The private placement consisted of 600,000 common shares ("Common Shares") of Regulus at a price of $1.18 per Common Share, for a total of $708,000. This financing allows IFC to increase its equity interest in Regulus back to the 14.68% that IFC held in Antares Minerals Inc. ("Antares") prior to the spinout of Regulus from Antares in December, 2010.

The Common Shares issued under the private placement are subject to a four month hold period under applicable securities laws, which hold period expires on March 11, 2012.

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. IFC helps developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets. In fiscal 2011, amid economic uncertainty across the globe, IFC helped our clients create jobs, strengthen environmental performance, and contribute to their local communities—all while driving their investments to an all-time high of nearly $19 billion. For more information, visit www.ifc.org.

About Regulus Resources Inc.

Regulus Resources Inc. (TSX VENTURE:REG) is a mineral exploration company formed in December 2010 in connection with the sale of Antares Minerals Inc. to First Quantum Minerals Ltd. (FM TSX). Regulus is currently exploring the Rio Grande Cu-Au-Ag porphyry project in Salta Province of NW Argentina on a 50/50 joint-venture basis with Pachamama Resources Ltd.

Current Share Capital

Shares Outstanding 36,782,234 Common Shares
Shares Fully Diluted 39,346,234 Common Shares

This press release is not an offer of securities for sale or solicitation of an offer of securities for sale in the United States. The Company's securities have not been, nor will be, registered under the United States Securities Act of 1933, as amended, (the "US Securities Act") or state securities laws and may not be offered or sold in the United States or to US persons absent registration under the US Securities Act and state securities laws or applicable exemptions from the registration requirements of such laws.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Press Release.

Contact Information

  • Regulus Resources Inc.
    Wayne Hewgill, P.Geo
    President / CEO / Director
    +1 778 438-2481

    Regulus Resources Inc.
    John Black
    Director
    +1 720 514-9036