Balmoral Resources (BAR-V) due to significant demand, increases placement to $6-million from $5 million.
Oct 9, 2013 - News Release
Balmoral Resources announced today that, due to significant demand, it has increased the size of its non-brokered private placement of flow-through common shares ("Flow-Through Shares") and units ("Units"), initially announced on October 4, 2013 (see NR13-22), from $5.0 million in aggregate gross proceeds to $6.0 million in aggregate gross proceeds (the "Offering"). As previously indicated, the Offering is comprised of Units, at an issue price of $0.425 per Unit, and/or Flow-Through-Shares, at an issue price of $0.475 per Flow-Through Share. All other terms and conditions of the Offering remain the same.
The Offering is now fully allocated with gross proceeds of approximately $3.6 million to be raised from the placement of Flow-Through Shares and approximately $2.4 million to be raised through the placement of Units. Closing of the Offering is anticipated to occur on or about October 16, 2013. |
