Berkwood closes $320,000 private placement
2018-07-26 11:02 ET – News Release
Mr. Thomas Yingling reports
BERKWOOD RESOURCES LTD. CLOSES PRIVATE PLACEMENT ($320,000 HARD DOLLARS)
Berkwood Resources Ltd. has received conditional approval from the TSX Venture Exchange and will now close a private placement of $320,000 (3.2 million units at 10 cents per unit). Each unit comprises one common share and one warrant. Each whole warrant is exercisable into one common share at a price of 13 cents for a period of two years from closing. All securities will be subject to a four-month-plus-one-day hold period from closing.
Proceeds of the private placement will be used to develop the company’s properties located in Quebec and general working capital.
The issuance of the securities is subject to the final approval of the TSX-V.
SIDEX and Fonds de solidarite FTQ participated in an amount of $100,000 each through Field-Action 2018, an initiative designed to encourage junior mining companies to perform fieldwork in Quebec, while at the same time supporting their working capital.
We seek Safe Harbor.
https://berkwoodresources.com/news-releases/
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