Balmoral Resources closes non-brokered flow-through private placement

30 December 2019
Client work

Team:

Daniel Allen, Brett Kagetsu, Raymond Ong, Tara Amiri-Khaledi, Brent Kerr, Daniel Lacelle, Malya Amghar

On Dec. 30, 2019, Balmoral Resources Ltd. (TSX: BAR) announced that it had closed its previously announced non-brokered flow-through private placement, issuing 8,930,000 Quebec flow-through common shares for gross proceeds of $4,554,300. The net proceeds from the sale of these shares will be used for the exploration of the company's properties located in the province of Quebec.

Balmoral Resources 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 Resources with a team led by Daniel Allen that included Brett Kagetsu, Raymond Ong, Tara Amiri and Sarah Baddeley (corporate/securities) and Brent Kerr, Daniel Lacelle and Malya Amghar (tax), assisted by paralegal Vicki Etcheverry.

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