Berkwood Resources Ltd

Berkwood Resources raises C$231,000 in financing to bolster company's Quebec properties

The firm said proceeds of the private placement will be used to develop the company's Quebec properties and for working capital

Berkwood project
Lac Gueret South is located in Cote Nord in eastern Quebec

Berkwood Resources Ltd (CVE:BKR) (OTCMKTS:CZSVF) said Friday that it has raised C$231,000 in a private placement aimed at developing the company's Quebec properties. 

The mining firm said in a statement it had issued 3.85 million units at a price of C$0.06, with each unit consisting of one common share and one warrant. Each whole warrant is exercisable into an additional common share at an exercise price of $0.10 per share for two years.

READ: Berkwood Resources buys back 2.5% position from Intact Gold

The securities have been issued with the required hold period of four months plus one day.

Lac Gueret South is located in Cote Nord, eastern Quebec, and comprises 288 claims, which cover a total area of 15,552 hectares.

Shares of Berkwood were at C$0.05 in Thursday’s Canadian trading.

Contact Katie Lewis at [email protected]

Quick facts: Berkwood Resources Ltd

Price: $0.04

Market: TSX-V
Market Cap: $2 m

Add related topics to MyProactive

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


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...



Berkwood Resources mobilizes crews to start surface sampling on Lac Gueret

Berkwood Resources (CVE:BKR) President and CEO Tom Yingling sat down with Steve Darling from Proactive Investors Vancouver to share details, the company has sent crews to their Lac Gueret project in Quebec to start surface sampling. Yingling telling Proactive why they decided to do this...

on 07/11/2019

2 min read