By Sheri Kasprzak
Atlanta, Dec. 2 - Bralorne Gold Mines Ltd. said Wednesday it plans two non-brokered private placements for a total of C$3.25 million.
The first offering consists of 500,000 units priced at C$3.25 each. The units are comprised of one flow-through share and one half-share warrant.
The whole warrants allow for an additional non flow-through share at C$3.25 for two years.
The company has also arranged a second private placement for up to 500,000 units at C$3.25 each. The units in this deal are comprised of one common share and one half-share warrant.
The whole warrants allow for an additional share at C$3.25 each for two years.
Based in Vancouver, B.C., Bralorne is a gold mining and exploration company. It plans to use the proceeds from the offerings for exploration and development work on its mining properties and for general working capital.
Issuer: | Bralorne Gold Mines Ltd.
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Issue: | Units of one flow-through share and one half-share warrant, units of one share and one half-share warrant
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Amount: | C$3.25 million
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Announcement date: | Dec.1
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Stock price: | C$3.50 at close Dec. 1
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Flow-through units
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Issue: | Flow-through units of one flow-through share and one half-share warrant
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Units: | 500,000
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Price: | C$3.25
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$3.25
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Non flow-through units
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Issue: | Units of one common share and one half-share warrant
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Units: | 500,000
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Price: | C$3.25
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$3.25
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