|
| Home : BOWMORE Announces Increase in Private Placement |
|
Sep 03
2011 |
BOWMORE Announces Increase in Private Placement |
|
MONTREAL, QUEBEC--(Marketwire - Sept. 2, 2011) - BOWMORE Exploration Ltd. (TSX VENTURE:BOW), (the "Company") is pleased to announce that it has increased its non-brokered private placement, (the "Private Placement") for total gross proceeds of up to $1,900,000 subject to regulatory approval. On August 29th, 2011 the Company had announced a non-brokered private placement of up to $1,500,000. The Private Placement will now consist of up to 3.8 million flow-through units (the "Units") at a price of $0.50 per Unit, each Unit consisting of one common share to be issued as a "flow-through" share for the purposes of the Income Tax Act (Canada) and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one non flow-through common share of the Company for a period of twenty four (24) months at an exercise price of $0.75 per share. |
|
|
|
| Source:http://www.marketwire.com/mw/release.do?id=1556973&sourceType=3 |
| |
|
Related News
|
» Luna Gold Announces Equity Financings
» Twin Glacier and Dolly Varden Silver Ltd. Announce New Financing
|
|
|
