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| Home : Bowmore Closes the Financing with Global Resources Investment Trust |
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Mar 12
2014 |
Bowmore Closes the Financing with Global Resources Investment Trust |
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MONTRÉAL, QUÉBEC--(Marketwired - March 12, 2014) - Bowmore Explorations Ltd. (the "Company" or "Bowmore") (TSX VENTURE:BOW)(FRANKFURT:0B5) is pleased to announce that it has completed the financing (the "Financing") through the London based investment group Global Resources Investment Trust Plc. ("GRIT") (see News Release February 11th, 2014) pursuant to which Bowmore has acquire 518,246 ordinary shares (the "GRIT Shares") of Global Resources Investment Trust Plc. ("GRIT"), valued at 1 British Pound per GRIT Share (or total value of $960,000 Canadian) in exchange for 6,000,000 common shares of Bowmore (the "Bowmore Shares") valued at $0.16 per Bowmore share. Global Resources Investment Trust Plc announced Friday March 7th, 2014 the admission of its ordinary shares to the premium listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's (LSE) main market for listed securities. |
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| Source:http://www.marketwired.com/mw/release.do?id=1888045&sourceType=3 |
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