BOWMORE Announces Private Placement
BOWMORE Exploration Ltd. is pleased to announce that it has negotiated, subject to regulatory approval, a non-brokered private placement for total gross proceeds of up to $750,000. The Private Placement will consist of up to 5,000,000 units at a price of $0.07 per Unit, each Unit consisting of one common share to be issued and one-half of one common share purchase warrant, and up to 4,000,000 flow-through units at a price of $0.10 per Flow-through Unit, each Flow-through unit is comprised of one flow-through common share and one-half common share purchase warrant. Each whole Warrant will entitle the holder to acquire one common share of the Company for a period of twenty four months at an exercise price of $0.15 for the first twelve months and $0.20 thereafter per share.
