RHYS RESOURCES LIMITED ("RYS.H")
BULLETIN TYPE: Private Placement-Non-Brokered, Shares for Debt
BULLETIN DATE: June 9, 2011
NEX Company
Private Placement-Non-Brokered
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 29, 2011:
Number of Shares: 5,000,000 shares
Purchase Price: $0.13 per share
Warrants: 5,000,000 share purchase warrants to purchase 5,000,000 shares
Warrant Exercise Price: $0.175 for a one year period
Number of Placees: 10 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Mark Vanry Y 1,986,000
677185 BC Ltd. (Steve Vanry) Y 1,050,000
Richard Barth Y 550,000
Len Guenther Y 37,000
Kiki Smith Y 37,000
Richard Pomper P 500,000
Susan Pomper P 500,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
Shares for Debt
TSX Venture Exchange has accepted for filing the Company's proposal to issue 384,615 shares to settle outstanding debt for $50,000.
Number of Creditors: 2 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
0845557 BC Ltd. (Mark Vanry) Y $25,000 $0.13 192,307
677185 BC Ltd. (Steve Vanry) Y $25,000 $0.13 192,308
The Company shall issue a news release when the shares are issued and the debt extinguished.
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