Berkwood Resources Ltd. Closes Non-Brokered Private Placement

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Berkwood Resources Ltd. (TSXV:BKR) announces it has received conditional approval from the TSX Venture Exchange and now will close and issue 1,998,176 units at $0.37 per unit. Each unit consisting of one common share and one warrant exercisable for two years at $0.49.
All securities will be subject to a four-month plus one day hold period from the closing date. A finder’s fee will be paid in connection with the financing.
Proceeds of the private placement will be used to develop the Company’s properties located in Quebec and general working capital.
The issuance of the securities and the payment of finder’s fee is subject to final approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD
Signed: “Thomas Yingling”
Thomas Yingling,
President and Director
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Source: berkwoodresources.com