January 28, 2014 13:50 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 28, 2014) - Revolver Resources Inc. ("Revolver") (TSX VENTURE:RZ) wishes to announce that, subject to regulatory approval, it has arranged a private placement of up to 8,000,000 units at price of $0.06 per unit for gross proceeds of $480,000. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant shall be exercisable into one common share for a period of one year at a price of $0.12 per share. Proceeds of the placement will be used on the current drill program on the Summit B project and for general working capital. The Company will also pay a finder's fees in accordance with the policies of the TSX Venture Exchange.
Revolver is also pleased to update its current drill program on the Summit B project in NW British Columbia. It has completed its second drill hole to a depth of 325 meters, with 725 meters of drilling now being completed on the property. The second hole is currently being split and will be sent to be assayed with results expected to be completed in the next weeks.
For further information on Revolver please visit our website at www.revolverresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Robert L. Birmingham, President
NEITHER 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 RELEASE.
Revolver Resources Inc.Robert L. BirminghamPresident(778) 331-2025(604) 683-5309 (FAX)www.revolverresources.com
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