VANCOUVER, June 22, 2012 /CNW/ - Reliance Resources Ltd. (the "Company"). Further to the Company's news release issued on June 21, the Company reports that certain insiders (the "Insiders") of the Company have arranged a sale of 2,465,000 common shares at a price of $0.15 per share through the facilities of the TSX dated June 22, 2012. The proceeds from this sale will be used to fund, in part, the private placement of 8,000,000 common shares of the Company at a price of $0.15 per share.
On behalf of the Board of Directors of Reliance Resources Ltd.
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