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MONTREAL, QUEBEC--(Marketwired - June 16, 2014) - Bowmore Exploration Ltd. (TSX VENTURE:BOW) ("Bowmore" or the "Company") has closed the first $270,000 tranche of a non-brokered flow-through private placement (the "Placement") with Canadian investors to raise up to $375,000 by way of the issuance of up to 2,500,000 units (the "Units") at a price of $0.15 per Unit. Each Unit is comprised of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to purchase one non-flow-through common share of Bowmore at a price of $0.20 each until December 13, 2015. |
