Balmoral Announces $5 Million Private Placement


October 4, 2013: Vancouver, BC – Balmoral Resources Ltd. (Stock Profile – TSXV:BAR & OTCQX:BALMF) announced a non-brokered private placement of flow-through common shares (“Flow-Through Shares”) and units (“Units”, and together with the Flow-Through Shares, the “Offered Securities”) to eligible investors to raise aggregate gross proceeds of up to $5,000,000 (the “Offering”).

The Offering will be comprised of Units at an issue price of $0.425 per Unit and/or Flow-Through-Shares at an issue price of $0.475 per Flow-Through Share, subject to a maximum of $3,000,000 in gross proceeds from the issuance of Flow-Through Shares.

Each Unit will consist of one non-flow-through common share in the capital of the Company (a “Common Share”) and one half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each whole Warrant shall entitle the holder thereof to purchase one additional Common Share for a period of 12 months following the closing date of the Offering (the “Closing Date”) at an exercise price of $0.75 per Common Share.

To learn more about Balmoral Resources – CLICK HERE.


Comments are closed.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.


 Daily Gainers

 Lincoln Minerals Limited LML.AX +125.00%
 Golden Cross Resources Ltd. GCR.AX +33.33%
 Casa Minerals Inc. CASA.V +30.00%
 Athena Resources Ltd. AHN.AX +22.22%
 Adavale Resources Limited ADD.AX +22.22%
 Azimut Exploration Inc. AZM.V +21.98%
 New Stratus Energy Inc. NSE.V +21.05%
 Dynasty Gold Corp. DYG.V +18.42%
 Azincourt Energy Corp. AAZ.V +18.18%
 Gladiator Resources Limited GLA.AX +17.65%

Download the latest Solaris Resources (SLSSF) Investor Kit

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

MiningFeeds will use the information you provide on this form to be in touch with you and to provide updates and marketing.