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| Home : Barkerville Announces Closing of $24,351,424 Under Equity Financing |
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Jan 24
2012 |
Barkerville Announces Closing of $24,351,424 Under Equity Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2012) - Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) (the "Company") announces that it has raised a further $5,997,788.43 together with the $18,353,636.05 raised in its previously announced financing through D&D Securities Inc. and M Partners Inc. of up to $20,000,000 in units with an additional green shoe option of up to $5,000,000 in units as disclosed on December 5, 2011 as amended December 16, 2011. The Company issued 7,056,218 units at a price of $0.85 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each whole warrant is exercisable into one common share at a price of $1.10 per share until July 17, 2013 and July 20, 2013 respectively. In connection with the financing the Company will pay to the Agents a cash commission of up to 7% of the gross proceeds raised and issue broker's warrants to purchase common shares in an amount of up to 10% of the aggregate number of shares issued, exercisable until July 20, 2013 at $0.85 per share. All the securities issued are subject to a four month hold period expiring on May 17, 2012 and May 20, 2012 respectively. |
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| Source:http://www.marketwire.com/mw/release.do?id=1609923&sourceType=3 |
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