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Berkwood Resources arranges $1.5-million financing

Jan 24, 2018

2018-01-23 20:26 ET – News Release

Mr. Thomas Yingling reports

BERKWOOD RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Berkwood Resources Ltd. proposes to issue up to five million units at 30 cents per unit for gross proceeds of up to $1.5-million. Each unit will comprise one common share and one common share purchase warrant, with each whole warrant exercisable into one common share at a price of 40 cents for a period of two years from closing.

All securities will be subject to a four-month hold period from the closing date. Finders’ fees may be paid in accordance with the TSX Venture Exchange policies. The private placement is subject to the approval of the TSX Venture Exchange.

Proceeds of the private placement will be used for general working capital.

The private placement and the payment of finders’ fees are subject to approval of the TSX Venture Exchange.

We seek Safe Harbor.

http://berkwoodresources.com/news-releases/