Bathurst Metals Announces Completion of Financing
![Bathurst Metals Announces Completion of Financing](https://www.minenportal.de/media/goldseiten-news.jpg)
The Company announced a financing of 7,500,000 Units for aggregate gross proceeds of $750,000.00 on September 17, 2020. Due to strong demand, the financing was increased from 7,500,000 to 8,250,000 Units on October 7, 2020.
The net proceeds of the private placement will be used to pay an aggregate of $246,000.00 principal amount of outstanding promissory notes, interest and for working capital.
Finders' fees in the aggregate of $30,450.00 were paid on a portion of the Offering.
The Units, common shares, share purchase warrants and shares issued upon exercise of the share purchase warrants are subject to a four month hold period, expiring February 20, 2021.
On behalf of the Board of Directors
"Harold Forzley"
President / CEO
For more information contact
Harold Forzley, President
hardy@bathurstmetals.com
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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