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TORONTO, ONTARIO--(Marketwired - March 30, 2017) - BWR Exploration Inc. (TSX VENTURE:BWR) ("BWR") announces that on March 28, 2018 it closed the first tranche of the previously announced non-brokered private placement. (For details, see our press release dated February 15, 2017). This closing raised gross proceeds of $583,275, of which 3,650,000 Flow-Through units and 7,285,500 Non Flow-Through units were subscribed. All issued units have a hold period of 4 months plus one day, making them available for trading on July 29, 2017. The gross proceeds raised in the Flow-Through portion of the financing was $219,000, while the amount raised in the Non Flow-Through portion of the financing was $364,275, representing an oversubscription of $164,275 or 3,285,000 units more than anticipated in the Non Flow-Through portion of the placement. The remaining available Flow-Through portion of this financing is $156,725. BWR is accepting subscriptions for Flow-Through units up to this amount until on or about April 4, 2017. |
