Banks Island Gold (BOZ-V) completes $3.48-million private placement
Jan 2, 2013 - News Release
Banks Island Gold Ltd., further to its news releases of Dec. 10, 2012, and Dec. 13, 2012, has closed a non-brokered private placement offering of 4,150,725 units at a price of 84 cents per unit for gross proceeds of $3,486,609. Each unit consists of one flow-through common share and one-half of a share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share in the capital of the company for a period of 18 months from the date of issuance of the units at a price of $1.09 per share. The company has also issued 52,534 common shares, issued 258,359 finder's warrants and paid the sum of $217,021 as a finder's fee to eight persons in connection with the unit offering. Each finder's warrant entitles the holder to acquire an additional common share in the capital of the company for a period of 18 months from the date of issuance at a price of 84 cents per share. The units, and any securities issued upon the exercise of the warrants and the finder's warrants, are subject to a hold period expiring at midnight on May 1, 2013. |
