NRT.V / BNCIF News!...........................
Big North Announces Private Placement
Jan 10, 2014 (ACCESSWIRE via COMTEX) -- Vancouver, B.C., January 10, 2014 - BIG NORTH GRAPHITE CORP. (the "Company" or "Big North"), is pleased to announce that it intends to complete a non-brokered private placement of up to 10,000,000 units (the "Units") at a price of $0.06 per Unit, for gross proceeds of up to $600,000 (the "Offering"). Each Unit will consist of one common share (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of $0.075 for a period of 24 months following the closing of the Offering.
Completion of the Offering is subject to receipt of all regulatory approvals, including the approval of the TSX Venture Exchange (the "TSXV"). All securities issued pursuant to the Offering will be subject to a statutory four month hold period under applicable securities laws.
Net proceeds from the Offering will be applied towards the acquisition of the El Tejon graphite mine in Oaxaca, Mexico (see December 19, 2013 press release) and for general working capital purposes.
Big North Announces Private Placement
Jan 10, 2014 (ACCESSWIRE via COMTEX) -- Vancouver, B.C., January 10, 2014 - BIG NORTH GRAPHITE CORP. CA:NRT 0.00% (the "Company" or "Big North"), is pleased to announce that it intends to complete a non-brokered private placement of up to 10,000,000 units (the "Units") at a price of $0.06 per Unit, for gross proceeds of up to $600,000 (the "Offering"). Each Unit will consist of one common share (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of $0.075 for a period of 24 months following the closing of the Offering.
Completion of the Offering is subject to receipt of all regulatory approvals, including the approval of the TSX Venture Exchange (the "TSXV"). All securities issued pursuant to the Offering will be subject to a statutory four month hold period under applicable securities laws.
Net proceeds from the Offering will be applied towards the acquisition of the El Tejon graphite mine in Oaxaca, Mexico (see December 19, 2013 press release) and for general working capital purposes.
Read more at http://www.stockhouse.com/companies/bullboard...DgL8Gt0.99
