|July 13, 2015|
Non Brokered Private Placement Financing
July 13, 2015 - Vancouver, British Columbia, Canada: Bard Ventures Ltd. (the "Company") announces that it is arranging, subject to regulatory approval, a non-brokered private placement (the "Private Placement") of up to 10,000,000 units (the Units") of the Company at a price of $0.03 per Unit for gross proceeds of up to $300,000. Each Unit will consist of one (1) common share (the "Common Share") and one (1) transferrable share purchase warrant (the "Warrant"). Each Warrant will entitle the holder thereof to purchase one (1) additional Common Share of the Company at a price of $0.04 per share for a period of twenty four (24) months from the closing date of the Private Placement.
The Private Placement is subject to, and being completed in reliance upon, the TSX Venture Exchange's temporary relief measure bulletin issued December 12, 2012 and subsequently updated on April 7, 2014. Therefore, the use of proceeds will be used only for extinguishing the Company's current liabilities and for the Company's existing business and general administrative uses. The closing is subject to receipt of all necessary regulatory and Board approvals. The securities issued pursuant to the Private Placement will be subject to a four month hold period in accordance with applicable Canadian securities laws.
On behalf of:
Bard Ventures Ltd.
Eugene Beukman, President
For further information please visit our website at www.bardventures.com.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward‑looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
Neither the 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.
You can view the Next News Releases item: Mon Jul 27, 2015, Bard Amends Share Distribution Record Date For Spin Out
You can view the Previous News Releases item: Tue Jul 7, 2015, Update on Corporate Reorganization
You can return to the main News Releases page, or press the Back button on your browser.