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| Home : Bacanora Announces Completion of Financing for $7,056,880 in Gross Proceeds |
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May 19
2011 |
Bacanora Announces Completion of Financing for $7,056,880 in Gross Proceeds |
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CALGARY, ALBERTA--(Marketwire - May 18, 2011) -BACANORA MINERALS LTD. (TSX VENTURE:BCN) (the "Corporation" or "Bacanora") is pleased to announce the completion of its recently announced private placement financing, pursuant to which it has issued an aggregate of 14,113,760 units of the Corporation at a price of $0.50 per unit for aggregate gross proceeds of $7,056,880. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.80 for a period of eighteen (18) months. |
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| Source:http://www.marketwire.com/mw/release.do?id=1516521&sourceType=3 |
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