Due to investor interest, Barisan Gold Corp. (C: BG) is increasing the private placement announced March 9,
2017, from $500,000 to up to $750,000.
The private placement is priced at a postconsolidated (one new
share for five old shares) price of 10 cents per unit. Each unit will consist
of one common share of the company and one non-transferable share purchase
warrant. Each whole share purchase warrant shall be exercisable to acquire one
additional common share of the company for a period of 24 months at a
postconsolidated price of 15 cents per share purchase warrant.
The company intends to use the proceeds from the private
placement to review further technology metal investment opportunities and
finance exploration on the Railroad Valley lithium brine property and the Black
Canyon lithium clay property, as well as for general administrative purposes.
The private placement is subject to acceptance by the TSX Venture Exchange. All
the securities issued under the private placement are subject to resale
restrictions under applicable securities legislation.
The offering will be non-brokered; however, the company may pay
finders’ fees in accordance with the rules and policies of the TSX Venture
Exchange.
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