logo-loader
Berkwood Resources Ltd

Berkwood Resources raises C$320,000 to help develop Quebec properties

The company said funds will be used to develop the company's properties located in Quebec and general working capital.

1532620560_BerkwoodTeam.jpg
Berkwood Resources holds the Lac Guéret Extensions graphite property in Manicouagan County, Quebec.

Berkwood Resources Ltd (CVE:BKR) announced Thursday that it has raised C$320,000 in its private placement, with 3.2mln units at C$0.10 per unit.

The company said each unit comprises one common share and one warrant. Each whole warrant is exercisable into one common share at a price of C$0.13 cents for a period of two years from closing.

The company said funds will be used to develop the company's properties located in Quebec and general working capital.

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

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

The issuance of the securities is subject to the final approval of the TSX Venture Exchange. 

Quick facts: Berkwood Resources Ltd

Price: $0.04

Market: TSX-V
Market Cap: $2.31 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Berkwood Resources Ltd named herein, including the promotion by the Company of Berkwood Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read