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TORONTO, ONTARIO--(Marketwired - June 25, 2013) - BE Resources Inc., (TSX VENTURE:BER), (the "Company") announces that it intends to carry out, subject to the approval of the TSX Venture Exchange (the "TSXV"), a non-brokered private placement of units of the Company ("Units") to, among other investors, insiders of the Company ("Insiders") for gross proceeds of up to CAD$750,000 (the "Private Placement") at $0.05 per Unit, with each Unit consisting of one common share of the Company (each, a "Share") and one Share purchase warrant (a "Warrant"), with each Warrant exercisable into one further Share at $0.10 for a term of a term of five years from the date of issue. The net proceeds will be used by the Company for general working capital purposes. |
