Bralorne Gold Mines Announces Private Placement

Bralorne Gold Mines Ltd. (TSXV:BPM,OTCQX:BPMSF,FWB:GV7) announced a private placement of secured convertible debentures for a minimum amount of $5,000,000 and up to a maximum amount of $7,500,000.

The proceeds of the Offering will be used by the Company for the expansion of the mill, underground exploration, purchase of new equipment, and for general working capital purposes.

The principal amount only of each Convertible Debenture will be convertible into Units at a rate of one Unit for every CAD $0.975 of principal converted (the “Conversion Price”).

Click here to read the Bralorne Gold Mines Ltd. (TSXV:BPM,OTCQX:BPMSF,FWB:GV7) press release