Vancouver, British Columbia (FSCwire) - Berkwood Resources Ltd. (“Berkwood”) is pleased to announce it has closed a first tranche of the private placement that was previously announced on November 17, 2016. The Company has issued 2,777,777 flow-through common shares at $0.18 per share for proceeds of $500,000.
All securities hereunder are subject to a four month and a day hold from the closing. 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 $45,000 were paid to Secutor Capital Management Corp.
