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| Home : Barisan Gold Announces Non-Brokered Private Placement |
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Jul 02
2014 |
Barisan Gold Announces Non-Brokered Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 2, 2014) - Barisan Gold Corporation (TSX VENTURE:BG) announces that it intends to complete a non-brokered private placement of up to 20,000,000 units at a price of $0.15 per unit for gross proceeds of up to $3,000,000 (the "Offering"). Each unit will consist of one common share and one half of one non-transferable common share purchase warrant. Each whole common share purchase warrant will be exercisable for one common share at a price of $0.20 per common share for a period of two years from the date of issue, subject to an acceleration provision, which dictates the warrants will expire after a 20 calendar day exercise period if the trading price of the common shares of Barisan Gold on the TSX Venture Exchange is equal to, or exceeds $0.30 for a period of 20 consecutive trading days during the term of the warrant, including any day that the market is open for trading in which the common shares of Barisan Gold do not trade which day is preceded by the most recent day that the closing market price of the shares have traded equal to or greater than $0.30 per share. Barisan Gold is not responsible for providing notice of the commencement or expiry of the 20 consecutive trading days or the 20 calendar day exercise period. |
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| Source:http://www.marketwired.com/mw/release.do?id=1926269&sourceType=3 |
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