BOND James Bond Resources (BJB-Cse) Upsize Non-brokered PP With Lead Order From Palisades Goldcorp
Mar 19, '21 - NR
Bond Resources Inc. has increased its previously announced non-brokered private placement to raise gross proceeds of up to $2.7-million through the issuance of up to 22.5 million units at a price of 12 cents per unit, with a lead order from Palisades Goldcorp Ltd. Each unit will comprise one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one common share of Bond at a price of 16 cents per share for a period of five years.
The company may pay finders' fees in accordance with the policies of the Canadian Securities Exchange. Certain directors, officers and insiders of the company may participate in this financing.
The proceeds of the private placement will be budgeted noted herein.
Mining the bulk mineral sample at Mary K mine project: $380,000
Toll processing the bulk sample: $300,000
Equipment purchases: $700,000
Exploration drilling: $250,000
Road/camp improvements: $100,000
Engineering/environmental studies: $200,000
General and administration (12 months): $420,000
Financing fees and commissions: $190,000
Working capital/contingency: $160,000
Total: $2.7-million
All securities issued in connection with the financing will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation. The private placement is not subject to a minimum aggregate amount of subscriptions.
There is no material fact or material change about the company that has not been generally disclosed.
The company expects to close the private placement on March 26, 2021.
About Bond Resources Inc.
Bond Resources is a mineral resource company that holds the contractual rights to acquire the Mary K mine in the Elk City mining district of Idaho. The company will focus on near-term production and rediscovery at the high-grade historic mine. Led by industry veterans and located in the mining-friendly jurisdiction of Idaho, Bond Resources combines the technical expertise of industry experts and a transparent communications model to increase shareholder value.
ON BEHALF OF THE BOARD
(sgd.) "Joseph A. Carrabba"
President, Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Joseph A. Carrabba
Email: capcru58@gmail.com
Telephone: 1-604-602-4935
Toll Free: 1-866-602-4935 |
