Balmoral Resources closes Spring 2019 non-brokered private placements

15 March 2019

On March 15 and April 11, 2019, Balmoral Resources Ltd. (TSX: BAR) closed the first and second tranches of its Spring 2019 non-brokered private placements of flow-through shares and non-flow-through units for aggregate gross proceeds of $2,131,503.90.

At the first tranche closing, Balmoral issued flow-through common shares for gross proceeds of $1,486,404, and non-flow-through units for gross proceeds of $304,499.86. At the second tranche closing, Balmoral issued non-flow-through units for gross proceeds of $340,599.84.

Balmoral is a Canadian-focused exploration company actively exploring a portfolio of gold and base metal properties located within the prolific Abitibi greenstone belt.

Gowling WLG advised Balmoral with a team that included Daniel Allen, Brett Kagetsu and Raymond Ong (corporate/securities) and Brent Kerr and Daniel Lacelle (tax).


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