VANCOUVER, April 11 /CNW/ - Bearclaw Capital Corp. (TSX-V: BRL and FSE: 5BQ) today announces a non-brokered flow-through
private placement to raise gross proceeds of up to $ 390,000.00. The
flow-through private placement will involve the sale of up to two
million flow-through units at the price of $0.12 per unit.
The flow-through units will be comprised of one flow-through share and
one half warrant. All full warrants may be exercised to purchase one
additional flow-through common share at a price of $0.15 per common
share over two years. Units will be offered to qualified purchasers in
reliance upon exemptions from prospectus and registration requirements
of applicable securities legislation.
Securities issued in this private placement will be subject to a hold
period of four months and a day from the issuance of the securities.
The private placement offering is subject to acceptance by the TSX
Proceeds of the financing will be used to further advance exploration
work on the company's Lov property which to date has had three
anomalies identified. (Media release March 23, 2011, Sedar) It is
anticipated that this evaluative work will enable the best targets to
be selected for diamond drilling during this coming field season.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Bearclaw Capital Corporation is a Canadian mineral exploration company
which has several significant copper-gold-silver properties that are,
will be, or have been optioned or joint ventured. Bearclaw Capital
trades under the symbol "BRL" on the TSX Venture Exchange (TSX-V) and
as "5BQ" on the Frankfurt Stock Exchange.
SOURCE Bearclaw Capital Corporation
For further information:
Bearclaw Capital Corporation
Scott M. Ross, President
214-3540 West 41st Avenue
Vancouver, British Columbia, V6N 3E6
Telephone: 604-803-4883 or 604-682-2201