By Devika Patel
Knoxville, Tenn., Jan. 22 - Bluerock Resources Ltd. said it will raise C$2 million in a non-brokered private placement of units.
The company will sell up to 3,448,276 units at C$0.58 apiece.
Each unit consists of one share and one half-share warrant. The whole warrants are exercisable at C$0.82 for one year.
Proceeds will be used for the development of the company's Colorado mining projects.
Bluerock, based in Vancouver, B.C., is a uranium exploration company.
| Issuer: | Bluerock Resources Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$2 million
|
| Units: | 3,448,276
|
| Price: | C$0.58
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.82
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 21
|
| Stock symbol: | TSX Venture: BRD
|
| Stock price: | C$0.63 at close Jan. 21
|
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