Berkwood Resources closes first tranche for $534,070
2018-12-04 17:58 ET – News Release
Mr. Thomas Yingling reports
BERKWOOD RESOURCES LTD. CLOSES 1ST TRANCHE OF FLOW-THROUGH PRIVATE PLACEMENT ($534,070.08)
Berkwood Resources Ltd. has received conditional approval from the TSX Venture Exchange and now will close a first tranche of a flow-through private placement as to $534,070.08 and will issue 5,934,112 units at nine cents each. Each unit will be composed of one flow-through common share and one-half warrant, with each whole warrant exercisable into one common share at a price of 15 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.
A finder’s fee has also been agreed to be paid, pursuant to the policies.
Proceeds of the private placement will be used to develop the company’s properties located in Quebec.
The issuance of the securities and the finder’s fee are subject to the final approval of the TSX Venture Exchange.
We seek Safe Harbor.
https://berkwoodresources.com/news-releases/
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