By Sheri Kasprzak
New York, July 19 - Bluerock Resources Ltd. has wrapped a private placement for C$1,009,049.
The company sold 3,363,499 units at C$0.30 each.
The units are comprised of one share and one warrant, each of which is exercisable at C$0.40 for two years.
The non-brokered deal priced as a C$1.65 million offering on June 12.
Proceeds will be used for exploration on the company's current projects and for working capital.
Bluerock, based in Vancouver, B.C., is a uranium exploration company.
| Issuer: | Bluerock Resources Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1,009,049
|
| Units: | 3,363,499
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40
|
| Placement agent: | Non-brokered
|
| Pricing date: | June 12
|
| Settlement date: | July 19
|
| Stock symbol: | TSX Venture: BRD
|
| Stock price: | C$0.39 at close June 12
|
| Stock price: | C$0.25 at close July 19
|
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