Bearclaw Announces Flow-Through Share Private Placement

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 Venture exchange.

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

Profil de l'entreprise

Bearclaw Capital Corporation

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