Bandera Announces $250,000 Private Placement
20 September 2013 - 11:00PM
Access Wire
Edmonton, AB, September 20, 2013 - Bandera Gold Ltd ("Bandera")
(TSXV:BGL) announced today a proposed non-brokered private
placement of up to of 5,000,000 units of Bandera at a price of
$0.05 per unit, for proceeds of up to $250,000. Each unit will
consist of one common share and a half warrant. Each whole warrant
entitles the holder to purchase an additional common share at a
price of $0.05 per share for a period of two years from closing of
the private placement.
The warrants will include a provision that in the event that the
common shares of Bandera trade at or above $0.08 per share for 5
consecutive trading days, Bandera may, upon notice to the holders
of the warrants, shorten the exercise period to 30 days after which
the warrants will lapse.
The private placement is subject to regulatory approval
including the approval of the TSX Venture Exchange. Finder's fees
will be paid on the private placement in accordance with the
policies of the TSX Venture Exchange and applicable securities
laws.
The net proceeds of the private placement will be used for
general working capital.
On Behalf of the Board
Stephen Roehrig
President and CEO
For further information please contact:
Stephen Roehrig, President and CEO (780) 465-4129
Web: http://www.banderagold.com/
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Information provided herein contains
forward-looking statements. The reader is cautioned that
assumptions used in the preparation of such information, which are
considered reasonable by Bandera at the time of preparation, may
prove to be incorrect. Actual results achieved will vary from the
information provided and the variations may be material. There is
no representation by Bandera that actual results achieved will be
the same in whole or in part as those indicated in the
forward-looking statements.
9320 - 49 Street, Edmonton, AB T6B 2L7
Tel: (780) 465-4129 Fax: (780) 469-8407
Stephen@banderagold.com
http://www.banderagold.com/
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