Barkerville Gold Announces $10 Million Flow-Through Share Private Placement

Barkerville Gold (TSXV:BGM) has announced it has entered into an agreement with Canaccord Genuity to raise aggregate gross proceeds of up to $10,070,00.
As quoted in the press release:

The Offering will consist of the sale of up to 13,400,000 flow-through common shares of the Company (the “Tranche A Flow-Through Shares”) at a price of C$0.60 per Tranche A Flow-Through Share and the sale of up to 3,500,000 flow-through common shares of the Company (the “Tranche B Flow-Through Share”) at a price of C$0.58 per Tranche B Flow-Through Share.
The closing of the Offering is expected to occur on or about December 19, 2016 (the “Closing Date”) and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange.
The gross proceeds received by the Company from the Offering will be used to incur Canadian exploration expenses on the Company’s properties in the Province of British Columbia that are “flow-through mining expenditures” (as such terms are defined in the Income Tax Act (Canada)) (the “Qualifying Expenditures”). The Qualifying Expenditures will be renounced to the subscribers with an effective date no later than December 31, 2016, in the aggregate amount of not less than the total amount of the gross proceeds raised from the Offering.

Click here to read the full press release.