VANCOUVER, BC / TheNewswire  / April 18 2017 - Rhys Resources Ltd. (the “Company”) announces that it has arranged, subject to regulatory approval, a non-brokered private placement of up to 5,000,000 units of the Company at a price of $0.05 per unit for gross proceeds of up to $250,000. Each unit is to consist of one common share and one half of one transferable common share purchase warrant. Each whole warrant will be exercisable at $0.10 for a period of one year. Net proceeds from the private placement will be used for general working capital purposes.

 

Closing of the Offering is subject to the receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange.  

  

RHYS RESOURCES LTD.

 

Mark Vanry – CEO & President

(604) 558-3920

 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINAITON IN THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE SERVICES