Ring of Fire Resources Inc. Closes Off Non Brokered Financing and Announces TSX-V Approval of Memorandum of Understanding with First Nations
Ring of Fire Resources Inc. (the "Company") (TSX-V:ROF, FRANKFURT: RG5, OTC.PK:HWKPF) is pleased to announce that it has closed off its non brokered private placement of flow-through units (the "FT Units") and common share units ("CS Units") following receipt of additional subscription agreements for a total of 454,545 additional FT Units at a cost of $49,999,95, and a total of 1,900,000 additional CS Units at a cost of $209,000. No further subscriptions agreements will be accepted under the terms of this offering, and the closings for these subscriptions are scheduled to be completed by February 6, 2012.
Ring of Fire Res is a exploration company based in Canada.