BGM.v ...Barkerville Receives $8,529,375 From Warrant Exercise-All Warrants From Previous Financing Exercised
marketwire.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2011) - J. Frank Callaghan, President and CEO of Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) (the "Company" or "Barkerville"), reports that the Company has now secured a total of $8,529,375 from the exercise of all warrants attached to a $13,647,000 brokered financing announced November 20, 2009 which closed in three tranches, December 30, 2009, January 22, 2010, and February 02, 2010 (please see news releases for these dates for details). For this financing, the Company issued in total 17,587,750 common shares and 8,529,375 share purchase warrants for gross proceeds of $13,647,000. All warrants including broker's warrants and all warrants subject to the acceleration clause as announced July 16, 2011 were exercised.
Proceeds of this additional capital in conjunction with revenue produced from the ongoing gold production will be used for general working capital and to continue the Company's current drilling and development programs aimed at expanding gold resources and production. |
