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Message: RVX repaid Third Eye $10.3 million

Per Financial Statements released today:

Private placement

Subsequent to July 31, 2018, the Company closed a private placement and issued 10.4 million units at a price of CAD$2.50 per unit for gross proceeds of $20.0 million (CAD$26.0 million). Each unit was comprised of one common share and one-half of a common share purchase warrant. Each warrant is exercisable at a price of CAD$3.00 per share for a period of three years from the closing of the private placement.


The Company repaid $10.3 million of the Third Eye Loan corresponding to 50% of the net cash proceeds from the $20.0 million private placement and $0.6 million of warrant exercise proceeds subsequent to July 31, 2018.

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