- BWR Exploration (BWR) has announced a non-brokered unit offering for gross proceeds of up to $240,000
- The company will issue up to 8,000,000 units at $0.03 per unit
- The company intends to use the proceeds for general corporate purposes
- BWR Exploration Inc. is a company focused on exploring for base and precious metals
- BWR Exploration Inc. opened trading at $0.03 per share
BWR Exploration (BWR) has announced a non-brokered unit offering for gross proceeds of up to $240,000.
The company will issue up to 8,000,000 units set at $0.03 per unit. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. One whole warrant consists of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of $0.06 within 24 months from the closing of the unit offering.
The company intends to use the proceeds for general corporate purposes, including advancing the exploration programs on the company’s projects in Canada with a focus on the Little Stull Lake Gold project located in Northeastern Manitoba.
A statutory four-month hold period will apply to all securities issued.
The offering is expected to close on or about December 15, 2022.
BWR Exploration Inc. is a company focused on exploring for base and precious metals, with its flagship Little Stull Lake Gold Project in NE Manitoba, along with other exploration projects in Northern Ontario and Northern Quebec.
BWR Exploration Inc. opened trading at $0.03 per share.