Berkwood Resources Ltd (CVE:BKR) has received regulatory approval and has closed its third and final tranche of flow-through financing offered for an additional $186,800.04.
The Vancouver-based junior resource exploration company said Thursday it has issued 2,075,556 units at $0.09 each. Each unit comprised one flow-through common share and one-half warrant, with each whole warrant exercisable into one common share at a price of $0.15 for a period of two years.
BIG PICTURE: Berkwood Resources is making significant progress on the Lac Guéret Extensions graphite project in Quebec
Proceeds of the private placement will be used to develop the company's properties located in Quebec. All securities have been issued with a hold period expiring on April 28, 2019.
A finder's fee has also been agreed to be paid in accordance with the policies of the TSX Venture Exchange.
Contact Rene Pastor at [email protected]