CALGARY, May 1 /CNW/ - Boxxer Gold Corp. (TSX-V:BXX) ("Boxxer" or the
"Corporation") today announced it has closed the non-brokered $510,000 private
placement financing previously announced on February 17, 2009.
Boxxer issued a final 2,785,000 Units at $0.03 per Unit for gross
proceeds of $83,550. Each Unit consisted of one Common Share in the share
capital of Boxxer and one-half of one Common Share purchase warrant. Each
whole Warrant is exercisable for 18 months from the date of issuance into one
Common Share at a price of $0.10 per Common Share. These securities were
issued with a four-month hold period expiring on August 28, 2009. 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 $4,800, and 200,000 finder's warrants were paid
to Jones, Gable & Co. Ltd. for their participation in this final tranche of
the private placement. Each finder's warrant is exercisable into one Unit of
the private placement, comprised of one common share exercisable at $0.03, and
one-half of one Warrant. Each whole warrant is exercisable into one common
share at $0.10 for a period of 18 months. The finders warrants were also
issued with a four month hold period, until August 28, 2009.
Including the final tranche, gross proceed of the private placement
totalled $510,000 (17,000,000 Units). A combined total of $35,700 was paid in
finders fees, and 1,487,500 finders warrants exercisable into Units were
issued to eligible parties, exercisable for a period of 18 months from
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.
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: