Ring of Fire Resources Inc. Closes Second Tranche of Private Placement
Ring of Fire Resources Inc. (the "Company") (TSX-V:ROF,
FRANKFURT: RG5, OTC.PK:HWKPF) announces that on December 15, 2011, it closed
the second and final tranche of a private placement previously announced in its
press release of October 19, 2011. The Company has raised gross proceeds of
$41,200.25 in this second tranche closing, through the sale of a total of
316,925 common share units (the "Units") at $0.13 per Unit. Each Unit
consists of one common share of the Company (with 316,925 common shares being
issued) and 1/2 warrant (with 158,462 warrants being issued). Each full Warrant
will entitle the holder to purchase one Common Share for a period of 2 years at
an exercise price of $0.20 per share for the first 12 months and $0.25 per
share for the second 12 months.
Ring of Fire Res is an exploration company based in Canada.