A Toronto-based miner is not letting 2018 go without putting in a few words of its own
BWR Exploration Inc. (TSX-Venture:BWR) heralded the closing of the previously announced non-brokered private placement for aggregate gross proceeds of $189,500 on December 28, 2018, through the purchase of 947,500 Units consisting of 2,842,500 flow-through shares, 947,500 common shares plus 473,750 warrants, issued in connection with the Closing.
Each unit consists of three Flow-Through Shares, plus one Common Share, plus one half of one common share purchase warrant of the Company.
Each Warrant will expire 12 months from the date of issue and each whole Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.075 per Warrant Share. The hold period for the shares is four months in length, and the gross proceeds raised in the Flow-Through Shares portion of the Offering was $142,125, while the amount raised in the Common Share portion of the Offering was $47,375.
BWR shares leaped half a cent, or 16.7%, to 3.5 cents, on volume of 20,000 shares
