Board Change • May 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Director Nadwynn Sing was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Sep 09
Rift Valley Resources Corp. (CNSX:RVR) entered into a binding letter agreement to acquire Ruralink Broadband Inc. for CAD 2.3 million.s Rift Valley Resources Corp. (CNSX:RVR) entered into a binding letter agreement to acquire Ruralink Broadband Inc. for CAD 2.3 million on September 7, 2022. Upon closing of the transaction Rift Valley expects to issue approximately 46,659,205 common shares of the resulting issuer to the shareholders of Ruralink. Rift Valley expects to consolidate its common shares just prior to the Closing on a two for one basis. In connection with the transaction, Ruralink shall complete a private placement to raise aggregate gross proceeds of a minimum of CAD 1.5 million. Upon completion of the transaction the Resulting Issuer will continue to carry on the business of Ruralink as currently constituted. The Transaction is an arm’s length transaction. It will not constitute a reverse takeover of the Company by Ruralink, but it will constitute a “change of business” pursuant to the policies of the Canadian Securities Exchange. In connection with the transaction, the Resulting Issuer will apply to list its common shares on the CSE. Upon Closing, the board of directors and executive management of Rift Valley will be reconstituted and consist of a select number of nominees of Rift Valley and Ruralink. The completion of the transaction is subject to a number of conditions, including but not limited to: the execution of the Definitive Agreement; Receipt of all required regulatory and third-party consents and approvals relating to the transaction under any contracts, licenses and other instruments that Issuer considers material to the business of Ruralink; Receipt of all required corporate and shareholder approvals, as the case may be, relating to the transaction; Completion of mutually satisfactory due diligence. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. CFO, Secretary & Director Ward Munsie was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 19
Rift Valley Resources Corp. Announce CEO Changes Rift Valley Resources Corp. announced that Thomas Kennedy, a director of the Company, has been appointed as the CEO of the Company, effective immediately. To facilitate this change, Griffin Jones has stepped down as CEO and a director of the Company. Board Change • Dec 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. President & Director Griffin Jones was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Aug 25
Rift Valley Resources Corp. announced that it expects to receive CAD 0.4 million in funding Rift Valley Resources Corp. announced a private placement of up to 5,714,286 units at a price of CAD 0.07 per Unit to raise gross proceeds of up to CAD 400,000. Each unit consists of one common share in the capital stock of the company and a one-half of one common share purchase warrant. Each whole warrant allows the holder to purchase an additional share at a price of CAD 0.15 per share for 2 years. Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Nadwynn Sing was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jul 20
Rift Valley Resources Corp. announced that it has received CAD 0.496751 million in funding On July 19, 2021, Rift Valley Resources Corp. closed the transaction. The company has issued 7,642,321 units at CAD 0.065 per unit for gross proceeds of CAD 496,751. No finder's fees was paid in the transaction. All securities issued in the transaction have a hold period of four months. Tillkännagivande • Jun 05
Rift Valley Resources Corp. announced that it expects to receive CAD 0.5 million in funding Rift Valley Resources Corp. (CNSX:RVR) announced a private placement to issue up to 7,692,307 units at CAD 0.065 per unit to raise gross proceeds of CAD 500,000 on June 4, 2021. Each unit consists of one common share in the capital stock of the company and a one-half of one common share purchase warrant. Each whole warrant allows the holder to purchase an additional share CAD 0.15 per share for 2 years. Tillkännagivande • May 04
Rift Valley Resources Corp. announced that it has received CAD 0.439 million in funding On May 3, 2021, Rift Valley Resources Corp. (CNSX:RVR) closed the transaction. The company issued 7,316,668 units for gross proceeds of CAD 439,000. All securities issued are subject to a statutory four month hold period from the closing date. No finder's fees was paid in connection to the transaction. Tillkännagivande • Mar 13
Rift Valley Resources Corp. announced that it expects to receive CAD 0.45 million in funding Rift Valley Resources Corp. (CNSX:RVR) announced a private placement to issue up to 7,500,000 units at CAD 0.06 per unit to raise gross proceeds of CAD 450,000 on March 11, 2021. Each unit consists of one common share in the capital stock of the company and a one-half of one common share purchase warrant. Each whole warrant allows the holder to purchase an additional share CAD 0.15 per share for 2 years. Tillkännagivande • Mar 12
Rift Valley Resources Corp. announced that it has received CAD 0.45161 million in funding On March 10, 2021, Rift Valley Resources Corp. (CNSX:RVR) closed the transaction. The company issued 3,316,667 units for gross proceeds of CAD 199,000 in its final tranche. The company raised CAD 451,610 in the transaction. The company paid finders' fees of CAD 480 and 8,000 finders' warrants to Echelon Wealth Partners Inc. The finders' warrants are exercisable on the same terms as the private placement warrants. All securities issued are subject to a statutory four-month hold period from the closing date. Tillkännagivande • Jan 28
Rift Valley Resources Corp. announced that it has received CAD 0.5 million in funding On January 26, 2021, Rift Valley Resources Corp. (CNSX:RVR) closed the transaction. The company amended the terms of the transaction. The company issued 8,333,334 units for aggregate gross proceeds of up to CAD 500,000 in the transaction. The company received CAD 280,000 in its second and final tranche. Tillkännagivande • Dec 23
Rift Valley Resources Corp. announced that it has received CAD 0.22 million in funding On December 22, 2020, Rift Valley Resources Corp. (CNSX:RVR) closed the transaction. The company issued 4,400,000 units at a price of CAD 0.05 per Unit raising gross proceeds of CAD 220,000. The securities issued are subject to a statutory four month hold period from the closing date Tillkännagivande • Dec 17
Rift Valley Resources Corp. announced that it expects to receive CAD 0.3 million in funding Rift Valley Resources Corp. (CNSX:RVR) announced a private placement of 5,000,000 units at a price of CAD 0.06 per unit for gross proceeds of CAD 300,000 on December 15, 2020. Each unit consists of one common share and one-half of one common share purchase warrant of the company. Each warrant entitles the holder to purchase one additional common share of the company at an exercise price of CAD 0.15 per share for a period of 2 years. Tillkännagivande • Nov 18
Rift Valley Resources Corp. announced that it has received CAD 0.2922 million in funding On November 17, 2020, Rift Valley Resources Corp. (CNSX:RVR) closed the transaction. The company has issued 5,822,000 units for gross proceeds of CAD 292,200 in the transaction. The transaction included participation from Griffin Jones for 1,000,000 units, Nadwynn Sing for 80,000 units, Ward Munsie for 100,000 units, and Stephen Martin for 2,054,000 units. Tillkännagivande • Oct 30
Rift Valley Resources Corp. announced that it expects to receive CAD 0.5 million in funding Rift Valley Resources Corp. (CNSX:RVR) announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 500,000 on October 29 2020. Each unit consists of one common share and one-half of one transferable common share purchase warrant of the company. Each warrant entitles the holder to purchase one additional common share of the company at an exercise price of CAD 0.15 per share for a period of 2 years from the date of issuance. All securities issued in connection with the transaction will be subject to a four-month hold period. The company may pay finders fee to qualified parties in the transaction. Tillkännagivande • Sep 28
Rift Valley Resources Corp. announced that it has received CAD 1.472075 million in funding On September 25, 2020, Rift Valley Resources Corp. (CNSX:RVR) closed the transaction. The company has issued 8,491,500 units for proceeds of CAD 424,575 in its final tranche closing. Tillkännagivande • Jul 17
Rift Valley Resources Corp. announced that it expects to receive CAD 1.4 million in funding Rift Valley Resources Corp. (CNSX:RVR) announced a non-brokered private placement of 28,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 1,400,000 on July 7, 2020. Each unit consists of one common share and one-half of one common share purchase warrant of the company. Each warrant entitles the holder to purchase one additional common share of the company at an exercise price of CAD 0.15 per share for a period of 2 years. 