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Regent Ventures Ltd. — Capital/Financing Update 2010
Mar 30, 2010
44513_rns_2010-03-30_9a1ed3eb-8ab4-4c51-adfc-a55198b867c2.pdf
Capital/Financing Update
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BC FORM 51-102F3
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE B.C. SECURITIES ACT AND 118(1) OF THE ALBERTA SECURITIES ACT
Item 1. Name and Address of Company
Regent Ventures Ltd. Penthouse 8 - 1060 Alberni Street Vancouver, BC V6E 4K2
Item 2. Date of Material Change
March 26, 2010 Item 3. News Release
News Release dated March 26, 2010 and disseminated to the Vancouver Stockwatch Magazine, B.C. Securities Commission, Alberta Securities Commission and Market News Publishing.
Place of Issuance: Vancouver, British Columbia.
Item 4. Summary of Material Change
The Issuer announces a flow-through private placement.
Item 5. Full Description of Material Change
The issuer is pleased to announce that it has agreed to a $360,000 private placement of up to 6,000,000 units of its securities at a price of $0.06 per unit, each unit consisting of one flow-through common share and one non-transferable share purchase warrant, with each such warrant entitling the holder to purchase one additional non-flow-through common share of the Issuer at a price of $0.15 per share for one year. Should the Issuer's common shares trade at or above trading price of $0.20 per share for twenty consecutive trading days, the Issuer will have the right to issue a written notice that the Warrants will expire 30 days from providing such notice.
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The proceeds from the private placement will be used for exploration of the Issuer's Red Mountain Property, located in the Yukon Territory, to follow-up on the recommendations of the Issuer's geological consultants, FPC Geoconsulting Inc., derived from their interpretation of the results from the Issuer's previously conducted geophysical, geochemical and drilling programs in light of new understandings of the geology of the area.
The private placement is subject to acceptance for filing by the TSX Venture Exchange.
Item 6. Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102
The Issuer is not relying on Subsection 7.1(2) or (3) of National Instrument 51-102.
Item 7. Omitted Information
Certain confidential information has been omitted from this report.
Item 8. Executive Officer
Douglas Eacrett, Chief Financial Officer - (604) 689-5002
Item 9. Date of Report
Dated at the City of Vancouver, in the Province of British Columbia, this 26th day of March, 2010.
"Richard Wilson"
Richard Wilson, President