Balmoral Resources (BAR-V) warrant exercise raises $6.5-million
Nov 16, 2012 - News Release
Balmoral Resources Ltd. has received a total of $6,578,655.80 from the exercise of share purchase warrants that expired on Nov. 9, 2012. Of the total above, $5,067,916.94 has been received by the company since Sept. 21, 2012. The warrants in question were issued as part of Balmoral's initial financing completed in November of 2010.
With receipts from the warrant exercises, as at Nov. 16, 2012, Balmoral has working capital of $19-million, which includes $14.6-million in cash. The company has 84,507,289 shares issued and outstanding and, on a fully diluted basis, would have 88,700,289 shares issued. |
