Rift Basin Announces Repricing of Private Placement

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES


Rift Basin Resources Corp. (TSX VENTURE:RIF) (the "Company" or "Rift Basin")
announces that, at the request of existing arm's-length shareholders of the
Company wishing to participate in funding the Company's Indonesian initiatives,
it has agreed to reprice its private placement (the "Offering") announced in its
news release on May 3, 2013 from $0.10 to $0.08 per unit (each, a "Unit"),
subject to the approval of the TSX Venture Exchange (the "Exchange").


The Offering is therefore for up to 6,250,000 units to raise up to $500,000.
Each Unit will continue to consist of one common share of the Company (a "Common
Share") and one-half of a Common Share purchase warrant (each whole warrant, a
"Warrant"). Each Warrant will entitle the holder thereof to purchase one Common
Share at a price of $0.20 for a period of 12 months from the closing of the
Offering, subject to the acceleration on the terms described in the Company's
news release of May 3, 2013.


The net proceeds from the Offering will be used by the Company for general
corporate purposes and may be used in connection with acquisition due diligence
costs. The Company may pay a finder's fee on the Offering within the amount
permitted by the policies of the Exchange. All securities issued in connection
with the Offering will be subject to a statutory hold period of four months plus
a day from the date of issuance in accordance with applicable securities
legislation.


About Rift Basin

The Company is listed on the Exchange under the symbol "RIF". The Company is
currently listed as a Tier 2 mining issuer and is seeking to become an oil and
gas issuer. Additional information about Rift Basin is available under Rift
Basin's SEDAR profile at www.sedar.com.


ON BEHALF OF THE BOARD

Wayne Koshman, Chief Executive Officer

Some of the statements contained in this press release are forward-looking
statements and information within the meaning of applicable securities laws.
Forward-looking statements and information can be identified by the use of words
such as "expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain actions, events
or results "may", "could", "should", "would", "might" or "will" be taken, occur
or be achieved. Forward-looking statements and information are not historical
facts and are subject to a number of risks and uncertainties beyond the
Company's control. Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the forward-looking
statements contained in this news release. Accordingly, readers should not place
undue reliance on forward-looking statements. The Company undertakes no
obligation to update publicly or otherwise revise any forward-looking
statements, except as may be required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Rift Basin Resources Corp.
Wayne Koshman
Chief Executive Officer
(604) 608-1999
(604) 688-0854 (FAX)

Rift Basin Resources Corp (TSXV:RIF)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024