February 28th, 2013 No: 13-05
Berkwood Announces Private Placement of $350,000
Berkwood Resources Ltd. (the “Company”) is pleased to announce a non-brokered private placement of 7,000,000 units at $0.05 per unit for gross proceeds of $350,000.
Each unit shall consist of one common share and one common share purchase warrant. Each full warrant shall entitle the holder to purchase one additional common share of the Company at $0.075 per share in the first year and $0.10 per share in the second year from the date of closing.
A finder’s fee will be payable in accordance with the policies of the TSX Venture Exchange. The terms of the private placement are subject to approval by regulatory authorities.
The proceeds will be used for exploration programs, acquisition of properties and for general working capital.
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On Behalf of Berkwood Resources
Brian Buchanan, President and Director
For additional information please contact:
Karim Sayani, Corporate Communications
Tom Steer, Media Relations Manager
Neither the 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 news release.