1470350 B.C. LTD. CLOSES C$16.5 MILLION SUBSCRIPTION RECEIPT FINANCING AS PART OF C$20 MILLION FINANCING PACKAGE IN CONNECTION WITH PROPOSED BUSINESS COMBINATION WITH ORIOR METALS CORP.
Orior is a private company that holds an option to acquire a 100% interest in the Revel Ridge project, an advanced-stage, gold-dominant polymetallic project located approximately 42 kilometres by road north of Revelstoke, British Columbia (the “ Revel Ridge Project ”).
Upon completion of the Proposed Transaction, the common shares of the Resulting Issuer (the “ Resulting Issuer Shares ”) will be listed on the TSX Venture Exchange (the “ Exchange ”), and the Resulting Issuer will indirectly hold the option on the Revel Ridge Project.
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