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 7,823,180 flow-through common shares , at a price of $0.19 per Flow Through Share, for gross proceeds of $1,486,404 and 2,174,999 units , at a price of $0.14 per Unit, for gross proceeds of $304,499.86, where each Unit
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