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Berkwood Resources Ltd. (“Berkwood”) (TSX-V: BKR) announces it has received final approval from the TSX Venture Exchange and will now issue:
- 623,805 units at $0.33 per unit for gross proceeds of up to $205,855.65. Each unit will be comprised of one common share and one share purchase warrant, with each whole warrant exercisable into one common share at a price of $0.45 for a period of two years from closing; and
- 100,000 flow-through units at $0.40 per unit for gross proceeds of $40,000. Each unit will be comprised of one flow-through common share and one share purchase warrant, with each whole warrant exercisable into one common share at a price of $0.50 for a period of two years from closing.
The securities have been issued having a hold period expiring December 25, 2017.
Proceeds of the private placement will be used to develop the Company’s properties located in Quebec and general working capital.
ON BEHALF OF THE BOARD
Signed: “Thomas Yingling”
President and Director
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.