Britannica Closes Financing
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/30/11 -- Britannica Resources Corp. ("the Company") (TSX VENTURE: BRR) is pleased to announce the closing of the $2,125,000 non-brokered private placement originally announced on October 12, 2011 (subsequently increased on November 14 and November 24, 2011).
The Company has issued 10,625,000 units (the "Units") at a price of $0.20 per unit for gross proceeds of $2,125,000. Each unit consists of one common share (the "Common Share") and one common share purchase warrant (the "Warrant"). Each Warrant will entitle the holder to purchase one additional Common Share in the capital of the Company at a price of $0.35, for a period of 24 months following the closing of the Offering (the "Closing").
The Company has paid $121,000 cash in commissions for the private placement and has issued 542,000 compensation options, each entitling its holder to acquire one common share at $0.20 each, for a 24-month period after closing of the financing.
The securities issued above are subject to a restrictive hold period ending 4 months and one day following the closing date.
Proceeds from the financing will be used to fund general working capital requirements and to advance exploration on the Company's Quebec Properties.
ON BEHALF OF THE BOARD
Jeffrey Cocks, President
Neither the 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:
Britannica Resources Corp.
Jeffrey Cocks
President
(604) 608-6611
(604) 608-6620 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 30.11.2011 - 22:02 Uhr
Sprache: Deutsch
News-ID 92767
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 223 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Britannica Closes Financing"
steht unter der journalistisch-redaktionellen Verantwortung von
Britannica Resources Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
