Falkirk Announces Private Placement to Raise Up to $3,000,000

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/04/12 -- Falkirk Resources Corp. (TSX VENTURE: FLK) is pleased to announce that it has arranged a non-brokered private placement of up to 53,334,000 units (the "Units") at a price of $0.05625 per Unit for aggregate proceeds of up to $3,000,000.
Each Unit consists of one common share of the Company and one non-transferable share purchase warrant; each warrant will entitle the purchaser to purchase an additional common share at a price of $0.10 per share for a period of twenty-four months following the closing of the offering. The net proceeds of the financing will be added to working capital.
Shares acquired by the placees, and shares which may be acquired upon the exercise of the share purchase warrants, will be subject to a hold period of four months plus one day from the date of closing of the offering in accordance with applicable securities legislation.
The private placement is subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS OF FALKIRK RESOURCES CORP.
Karl Kottmeier, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Falkirk Resources Corp.
Karl Kottmeier
President
(604) 678-8941
(604) 689-7442 (FAX)
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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 04.05.2012 - 14:09 Uhr
Sprache: Deutsch
News-ID 142899
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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