CALGARY, Aug. 27 /CNW/ - Boxxer Gold Corp. (TSX Venture: BXX) ("Boxxer"
or the "Corporation") today announced its intention to raise up to $250,000 by
way of a non-brokered private placement (the "Offering"). A total of up to
5,000,000 Units will be offered for sale at a price of $0.05 per Unit. Each
Unit will consist of one common share in the share capital of Boxxer and
one-half of a Common Share purchase warrant ("Warrant"). Each whole Warrant
shall be exercisable for 12 months from the date of issuance into one Common
Share at an exercise price of $0.10 per Common Share. Boxxer will use the
proceeds of the Offering for general working capital purposes. The Offering is
subject to regulatory approval.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accept
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This news release may contain certain
forward-looking information. All statements included herein, other than
statements of historical fact, is forward-looking information and such
information involves various risks and uncertainties. There can be no
assurance that such information will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such
information. A description of assumptions used to develop such forward-looking
information and a description of risk factors that may cause actual results to
differ materially from forward-looking information can be found in the
company's disclosure documents on the SEDAR website at www.sedar.com. The
company does not undertake to update any forward-looking information except in
accordance with applicable securities laws.
For further information:
For further information: Boxxer Gold Corp: Elmer B. Stewart, President &
Chief Executive Officer, Tel: (403) 264-4811, Cel: (403) 680-9584, e-mail:
email@example.com; Boxxer Gold Corp: John L. Maslanyk, Vice President
& Chief Information Officer, Tel: (403) 804-2251, Fax: (403) 237-6292,
e-mail:firstname.lastname@example.org; CHF Investor Relations: Alison Tullis, Senior
Account Manager, Tel: (416) 868-1078 ext. 233, Fax: (416) 868-6198, e-mail: