Proactive Investors - Run By Investors For Investors

Berkwood Resources closes third tranche on private placement

All of the securities are subject to a four month plus one day holding period from closing of the transaction
symbol of cobalt
Berkwood Resources engages in the acquisition, exploration and development of graphite and cobalt properties

Berkwood Resources Ltd (TSX-V:BKR) will close a third and final tranche of flow-through financing offered on an additional C$186,800.04 and will issue 2,075,556 units at C$0.09, subject to the approval of the TSX Venture Exchange.

The graphite- and cobalt-focused company said each unit will comprise one flow-through common share and one-half warrant, with each whole warrant exercisable into one common share at a price of C$0.15 for a period of two years from closing.

All securities will be subject to a four-month plus one day hold period from closing.

BIG PICTURE: Berkwood Resources is making significant progress on the Lac Guéret Extensions graphite project in Quebec

A finder's fee has also been agreed to be paid in accordance with the policies of the TSX-V.

Proceeds of the private placement will be used to develop the Vancouver-based company's properties located in Quebec.

The issuance of the securities and the finder's fee are subject to the final approval of the TSX Venture Exchange.

Berkwood Resources engages in the acquisition, exploration, and development of natural resource properties in Canada. The company is based in Vancouver.

 

Contact Rene Pastor by [email protected]

View full BKR profile View Profile

Berkwood Resources Ltd Timeline

Related Articles

1533880895_Artemis-Super-Deep_Hole.jpg
August 10 2018
The company owns the only processing plant in the Karratha region and is exploring for gold, cobalt, copper and platinum.
Aircore drilling efforts by workers in Mali during the 2017-18 field season
November 08 2018
The company will pick up drilling at its projects which have delivered high-grade African gold.
mine
August 01 2018
Tungsten prices are on the rise and construction is proceeding apace at Barruecopardo
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use