Saville Resources Inc. Extends Private Placement and Announces Director Departure

Saville Resources Inc., a publicly traded company on TSX Venture Exchange, has announced the extension of its non-brokered private placement, which aims to issue up to 15,000,000 units at $0.05 each, potentially raising $750,000. This offering includes a mix of common shares and purchase warrants, with warrants exercisable at $0.075 per share over the next 12 months.

The company states that the proceeds from this offering will target general corporate purposes and working capital. They may also pay finder’s fees as per applicable securities law and the policies of the Exchange. The completion of this offering is pending approval from the TSX Venture Exchange and all securities issued will be held for a four-month statutory period.

Additionally, Saville Resources has announced the resignation of Nicholas Rodway from its board of directors. The company expressed gratitude for Rodway's service and extended best wishes for his future endeavours.