Vancouver, British Columbia (FSCwire) - Berkwood Resources Ltd. (“Berkwood”) is pleased to announce a non-brokered flow-through private placement for up to 5,555,555 flow-through eligible common shares at a price of $0.18 per common share for gross proceeds of up to $1,000,000.
The Company intends to use the net proceeds from the private placement to incur qualified exploration expenditures on exploration projects located in the Province of Quebec, Canada.
Finder’s Fees equal to 9% cash may be payable in connection with this private placement.
The private placement and the payment of finder’s fees are subject to approval of the TSX Venture Exchange.
The board of directors has approved the issuance of 2,700,000 incentive stock options of which 1,350,000 are allocated to directors, officers and insiders of the Company. The options are exercisable at the price $0.12 per share for a period of five years.
On behalf of Berkwood Resources Ltd.
"David Hodge"
David Hodge, Director
For additional information please contact:
Berkwood Resources Ltd:
Tel: (604) 662-7455
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.berkwoodresources.com
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 news release.
