Balmoral Resources Receives $2 Million from Warrant Exercise

Balmoral Resources Ltd. (TSX:BAR,OTCQX:BALMF) has received $2,006,373 from the exercise of warrants that expired on October 17.

As quoted in the press release:

An additional 470,588 warrants, held by a single subscriber, are eligible to be exercised on, or before, October 30, 2014 at a strike price of $0.75.

The Company currently has a cash balance of approximately $7.1 million and working capital (which includes short term tax recoveries and publically traded shares) of approximately $7.7 million.

Click here to read the Balmoral Resources Ltd. (TSX:BAR,OTCQX:BALMF) press release