Riverstone Lands $164,000 In Bridge Financing

Riverstone Resources Inc. has arranged for $164,000 in bridge financing from certain directors, officers, etc. The loan will last for one year and bear an interest rate of 12% per annum. As a bonus, Riverstone will give the lenders 262,400 shares. The news release contains more details of this arrangement.

As of the time of this post, Riverstone is up by 2.5 cents at 18.5 cents. The stock leapt up before this news was disseminated. The current bid - ask is 16.5 - 18.5 cents.

The company's Google Finance web page is here.

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