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Rapier Gold Inc. Announces Private Placement, Closes First Tranche

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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 27, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Rapier Gold Inc. (TSX VENTURE:RPR) (the "Company") is pleased to announce that it has arranged a non-brokered private placement of non-flow through units (the "NFT Units"). The NFT units will be offered at a price of $0.05 and include a non-transferable common share purchase warrant that entitles the holder to purchase one common share at an exercise price of $0.08 for a period of 24 months. Total gross proceeds are anticipated to be up to $500,000. The company reserves the right to increase the size of the private placement or to...

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