Balmoral Resources Ltd. announces that it has closed the first tranche of the previously announced non-brokered private placement . Upon closing of the first tranche of the Offering, the Company issued 7,173,913 Quebec flow-through common shares , at a price of $0.23 per Quebec Flow Through Share, for gross proceeds of $1,650,000 and 1,315,790 National flow through common shares , at a price of $0.19 per National
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