By Laura Lutz
Des Moines, Sept. 26 - Bluerock Resources Ltd. intends to conduct a private placement of units for up to C$2,500,200.
The company plans to sell 5,556,000 units of one common share and one transferable share purchase warrant for C$0.45 per unit. Each warrant will be exercisable at C$0.70 for two years.
Pacific International Securities Inc. will act as agent for the offering.
Proceeds will be used for exploration and general corporate purposes.
Vancouver, B.C.-based Bluerock Resources is a uranium exploration company.
| Issuer: | Bluerock Resources Ltd.
|
| Issue: | Units of one common share and one transferable warrant
|
| Amount: | C$2,500,200
|
| Units: | 5,556,000
|
| Price: | C$0.45
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.70
|
| Agent: | Pacific International Securities Inc.
|
| Pricing date: | Sept. 26
|
| Stock symbol: | TSX Venture: BRD
|
| Stock price: | C$0.42 at close on Sept. 26
|
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