Berkwood Resources Ltd. has received regulatory approval, and has closed its third and final tranche of flow-through financing offered as to an additional $186,800.04, and has issued 2,075,556 units at nine cents 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 15 cents for a period of two years. All securities have been issued with a hold period expiring April 28, 2019.
A finder’s fee has also been agreed to be paid in accordance with the policies of the TSX Venture Exchange.
Proceeds of the private placement will be used to develop the company’s properties located in Quebec.
We seek Safe Harbor.