Bear Lake Gold Ltd (2) Symbol BLG Shares Issued 90,085,270 Close 2010-06-21 C$ 0.185 Recent Sedar Documents This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers. Here is a sample of this item:
Bear Lake closes tranche of financing, to drill Larder
2010-06-22 10:02 ET - News Release
Mr. Francois Viens reports
BEAR LAKE GOLD LTD. ANNOUNCES CLOSING OF TRANCHE 1 OF PRIVATE PLACEMENT FOR $2,552,002 AND DRILLING PROGRAM TO START
Bear Lake Gold Ltd. has closed the first tranche of the non-brokered private placement announced on May 28, 2010, in Stockwatch.
Under the first tranche of the Financing, the Company has issued 5,650,000 "flow-through" common shares of the Company ("FT Shares") at a price of $0.20 per FT Share and 7,900,009 units of its securities ("Units") at a price of $0.18 per Unit, for gross proceeds of $2,552,002. Of this, the MineralFields Group subscribed for 5,000,000 of the FT Shares for gross proceeds of $1,000,000. Each Unit consists of one common share of Bear Lake (a "Share") and one common share purchase warrant (a "Warrant"), with each Warrant exercisable to acquire one Share at $0.30 per Share for a period of 24 months from the closing date of the Financing. The Warrants are subject to a right of accelerated expiry at the Company's option where the closing price of the Shares on the TSX Venture ("TSXV") has exceeded $0.50 for twenty consecutive trading days at any time after four months and one day from closing of the Financing. |