Replies to post #89 on RNC Gold Inc fka RNC

[longjonsilver]

i thot the bottom was in at 1.35 but weeeeeell i was wrong. i missed RNC at the PDAC - they were only there sunday and monday - i went tuesday. really wanted to talk to them personally - body language and all. made some decisions on my portfolio there - how the company principles come across means a lot - are they blowhards, bs artists or are they straightforward? gotta make this decision on the phone next week. i think ill save some powder for RNC tho just in case. there should be a double bottom to let us know when - tho i thot that on SPM too at 1.05 and i was wrong. still i have made FAR more money bottom fishing than chasing the hottest latest thing on a breakout.
hi ho hi ho
its off to work we go
jon

[amarksp]

RNC Gold Inc. (TSX:RNC) ("RNC" or the "Company") announced today that it has amended the terms of the private placement (the "Offering") announced in a press release of the Company dated February 23, 2005 (and updated February 25, 2005) to provide for aggregate proceeds to RNC of up to Cdn$7.0 million, such proceeds to be realized by the issue of up to 7.0 million units of the Company ("Units").

RNC and Canaccord Capital Corporation, on behalf of Jennings Capital Inc. (collectively, the "Agents"), have amended pricing of the Units such that each Unit will now be sold to investors at a price of Cdn$1.00 per unit, for aggregate gross proceeds to the Company of up to Cdn$7.0 million. Each Unit shall consist of one common share of the Company and one-half of one common share purchase warrant of the Company ("Warrants"). Each whole Warrant will entitle the holder thereof to purchase one common share of the Company ("Warrant Shares") at a price of Cdn$1.25 per Warrant Share for a period of five years after the date of the closing of the Offering.