VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2012) - Revolver Resources Inc. (TSX VENTURE:RZ) ("Revolver") announces that it has amended the terms of its planned non-brokered private placement financing announced September 19, 2012. The revised terms include both the flow through and hard dollars portion of the financing.
The Company is now arranging a non-brokered private placement of up to 14 million non flow-through units at a price of 5 cents for gross proceeds of $700,000. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant shall be exercisable into one additional common share for a period of one year at a price of 15 cents per share. The flow through portion of the financing has been cancelled. The financing is subject to regulatory approval.
For further information on Revolver Resources please visit our website at www.revolverresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Robert L. Birmingham, President
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.