Barisan Gold Announces Non-Brokered Private Placement
02 Luglio 2014 - 2:00PM
Marketwired
Barisan Gold Announces Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 2, 2014) -
Barisan Gold Corporation (TSX-VENTURE:BG) announces that it intends
to complete a non-brokered private placement of up to 20,000,000
units at a price of $0.15 per unit for gross proceeds of up to
$3,000,000 (the "Offering"). Each unit will consist of one common
share and one half of one non-transferable common share purchase
warrant. Each whole common share purchase warrant will be
exercisable for one common share at a price of $0.20 per common
share for a period of two years from the date of issue, subject to
an acceleration provision, which dictates the warrants will expire
after a 20 calendar day exercise period if the trading price of the
common shares of Barisan Gold on the TSX Venture Exchange is equal
to, or exceeds $0.30 for a period of 20 consecutive trading days
during the term of the warrant, including any day that the market
is open for trading in which the common shares of Barisan Gold do
not trade which day is preceded by the most recent day that the
closing market price of the shares have traded equal to or greater
than $0.30 per share. Barisan Gold is not responsible for providing
notice of the commencement or expiry of the 20 consecutive trading
days or the 20 calendar day exercise period.
Net proceeds from the placement will be used by Barisan Gold for
exploration and development at its Indonesian properties and for
general corporate purposes. Assuming the entire Offering is
fully-subscribed, the Company intends to allocate the net proceeds
as follows: up to $2,750,000 to undertake further exploration at
the Upper Tengkereng gold-copper porphyry discovery, and up to the
balance of the net proceeds to undertake further exploration at the
Company's other projects, including its Abong gold deposit, and
provide general working capital. While Barisan Gold currently
anticipates that it will use the net proceeds as described, it may
re-allocate the gross proceeds from time to time depending upon the
Company's growth strategy relative to market and other conditions
in effect at the time.
The Offering shall include two parts, a private placement to
existing shareholders of Barisan Gold (the "Existing Shareholder
Private Placement") and a non-brokered private placement to all
other eligible investors in accordance with applicable TSX Venture
Exchange rules and securities laws ("the Concurrent Offering").
Existing shareholders of Barisan Gold are invited to participate
in the proposed Existing Shareholder Private Placement and are
encouraged to contact Barisan Gold by email at
feldman@barisangold.com or telephone at +1 604 358 2604, for
additional information. Only shareholders who, as of the share
register of July 1, 2014, held common shares of Barisan Gold and
continue to hold common shares at the time of closing may
participate in the Existing Shareholder Private Placement. The
aggregate subscription cost to an existing shareholder for the
Units subscribed under the Existing Shareholder Private Placement
cannot exceed $15,000. Existing shareholders who are residents of
the Provinces of Alberta, British Columbia, Manitoba, New
Brunswick, Nova Scotia, Prince Edward Island, Québec, Saskatchewan,
Yukon, Northwest Territories and Nunavut may participate in the
Existing Shareholder Private Placement and existing shareholders
resident in countries other than Canada will need to meet local
jurisdiction requirements to participate. Shareholders resident in
Ontario and Newfoundland and Labrador are not permitted to
participate in the Existing Shareholder Private Placement.
The maximum offering under the Existing Shareholder Private
Placement shall be the balance of the Offering not sold through the
Concurrent Offering to institutional and eligible accredited
investors and no minimum number of units and minimum dollar amount
raised has been set. If the aggregate subscriptions for Units under
the Existing Shareholder Private Placement exceed the maximum
number of units proposed to be distributed, subscriptions will be
accepted in whole or in part at the discretion of Barisan Gold.
The terms and completion of the private placement are subject to
TSX Venture Exchange approval.
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.
To receive or stop receiving BG news via email, please email
info@barisangold.com and state your preference in the subject
line.
FOR FURTHER INFORMATION, visit the Company's website at
www.barisangold.com.
About Barisan Gold Corporation
Barisan Gold (TSX-VENTURE:BG) is a Canadian-based minerals
exploration company listed on the TSX Venture Exchange under the
symbol "BG". The Company is engaged in the exploration, acquisition
and development of mineral properties in Indonesia. Barisan Gold
currently owns and operates two gold and gold-copper properties in
Indonesia's Aceh Province on the northern tip of Sumatra Island,
namely the Barisan gold-copper porphyry belt and the Abong
epithermal gold project. Barisan Gold currently has 40,721,186
shares outstanding.
Barisan Gold CorporationSteven FeldmanManager Investor
Relations+1 604 684 8676info@barisangold.comwww.barisangold.com
Grafico Azioni Barisan Gold Corporation (TSXV:BG)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Barisan Gold Corporation (TSXV:BG)
Storico
Da Giu 2023 a Giu 2024