Bolero Resources Corp. Closes Flow-Through Financing
23.12.2011 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Dec. 23, 2011) - Bolero Resources Corp. (the “Company“ or “Bolero“), (TSX VENTURE: BRU), (PINKSHEETS: BRUZF), (FRANKFURT: U7N1) is pleased to announce that the Company has closed a flow-through financing which raised gross proceeds of $320,000. Specifically, Bolero issued 2,560,000 flow-through units (“Units“) at a price of $0.125 per unit. Each Unit is comprised of one common share and one-half of one non flow-through warrant (“Warrant“), with each whole Warrant being exercisable for the purchase of an additional common share, at a price of $0.18 per share, for a two-year period. No finder's fees or commissions were paid in connection with this offering. The securities issued in the offering contain a resale legend lasting until April 23, 2012. In connection with this financing, an insider of the Company participated to the extent of $20,000.Proceeds of the flow through offering will be used for mineral exploration purposes.
The Company also announces that R. Stuart (Tookie) Angus has resigned as a Director of the Company effective December 22nd, 2011. The Company would like to thank Mr. Angus for his many years of service on the Board of Directors of the Company.
About Bolero Resources Corp.
Bolero Resources Corp. is a Canadian Gold and Rare Earth exploration and development company. Our primary assets include: 100% interest in the Red Chris South prospect, covering over 13,000 acres in north-western BC, contiguous to Imperial Metals Corp (III.T) and; The “Carbonatite Syndicate“ consisting of 211 mineral claims prospective for Rare Earth Elements covering over 90,000 hectares (222,415 acres) contiguous to Spectrum Mining Corporation in northern BC and; 2 separate quartz claim blocks covering over 6,500 acres, in the “White Gold District“ of the Yukon; and the “Charge“ BC REE prospect. The Company is listed on the TSX-Venture Exchange under the symbol BRU, the Pink Sheets under the symbol BRUZF, as well as the Frankfurt Exchange under U7N1. For more information, please visit: www.boleroresources.com or contact Investor Relations Toll Free.
On behalf of the Board of Directors
R. Bruce Duncan
President & CEO
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.
Contact Information
Bolero Resources Corp.
Investor Inquiries
1 (888) 818-1365
info@boleroresources.com
www.boleroresources.com