CALGARY, April 16 /CNW/ - Boxxer Gold Corp. (TSX-V:BXX) ("Boxxer" or the
"Corporation") today announced it has closed a fourth tranche of the
non-brokered private placement of the $510,000 financing previously announced
on February 17, 2009. Boxxer issued 5,000,000 Units at $0.03 per Unit for
gross proceeds of $150,000. Combined with the first three tranches, the total
gross proceeds raised to date from all four tranches of the Private Placement
is $426,450 (14,215,000 Units). Boxxer anticipates that one final closing will
take place in the near future.
Each Unit consists of one common share in the share capital of Boxxer
("Common Share") and one-half of a Common Share purchase warrant ("Warrant").
Each whole Warrant shall be exercisable for 18 months from the date of
issuance into one Common Share at a price of $0.10 per Common Share. Proceeds
of the private placement will be used for the drilling program on the Boss
Property in Nevada and working capital.
A finder's fee totaling $12,000, and finder's warrants totalling 500,000
was paid to Union Securities Ltd. and Raymond James Ltd. for their
participation in this private placement. Each finder's warrant is exercisable
for 18 months from the date of issuance at $0.10 into one Common Share and
one-half of a Warrant.
These securities were issued with a four-month hold period expiring on
October 16, 2009.
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, e-mail:
firstname.lastname@example.org; Boxxer Gold Corp., Colin Christensen,
Vice-President, Tel: (403) 264-4811, Fax: (403) 237-6292, e-mail:
email@example.com; CHF Investor Relations, Alison Tullis, Senior Account
Manager, Tel: (416) 868-1079 ext. 233, Fax: (416) 868-6198, e-mail: