Resource Corp. (CCM:TSX and CRCUF:OTC-BB)
announces that it has agreed to a $650,000 non-brokered private
placement financing consisting of 1,250,000 units at $0.52 per
unit will consist of one common share and one half common share
purchase warrant. Each
full warrant can be exercised to purchase an additional common share
at $0.63 within a two-year period.
7.5% finders fee will apply to a portion of the financing. The net proceeds will be
added to working capital and used in part to fund the first phase of
diamond drilling on the Benzdorp property in Suriname.