By Sheri Kasprzak
Atlanta, March 11 - Bralorne Gold Mines Ltd. said it will raise a total of C$1.5 million in two non-brokered private placements.
In the first offering, the company will sell 250,000 units at C$3.00 each. The units are comprised of one flow-through share and one half-share warrant.
The whole warrants allow for an additional flow-through share at C$3.25 each for two years.
The second offering also includes up to 250,000 units at C$3.00 each. The units include one common share and one warrant.
The warrants allow for an additional common share at C$3.25 each for two years.
Based in Vancouver, B.C., Bralorne is a gold exploration company. It plans to use the proceeds for exploration and development on its mining properties and for working capital.
| Issuer: | Bralorne Gold Mines Ltd.
|
| Issue: | Units of one flow-through share and one half-share warrant
|
| Amount: | C$750,000
|
| Units: | 250,000
|
| Price: | C$3.00
|
| Warrants: | One half-share flow-through warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$3.25
|
| Pricing date: | March 11
|
| Stock price: | C$2.90 at close March 11
|
|
|
| Issuer: | Bralorne Gold Mines Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$750,000
|
| Units: | 250,000
|
| Price: | C$3.00
|
| Warrants: | One common share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$3.25
|
| Pricing date: | March 11
|
| Stock price: | C$2.90 at close March 11
|
|
|
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