Business
Batero Gold Corp. Announces Increase to Previous Bought Deal Private Placement Equity Financing
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About this update from Batero Gold Corp.
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nVANCOUVER, Nov. 4, 2011 /CNW/ - Batero Gold Corp. (\"Batero\" or the \"Company\") (TSX-V: BAT) is pleased to announce that, in connection with its previously announced\n private placement unit offering (the \"Offering\") led by Canaccord\n Genuity Corp. (the \"Underwriter\"), it has increased the size of the\n Offering from C$6,300,000 to C$7,245,000.\n\n\nThe Company intends to use the net proceeds raised under the Offering\n for exploration of the Batero-Quinchia Gold Project, Colombia and for\n general working capital purposes.\n\n\nThe Offering is scheduled to close on or about November 24, 2011 and is\n subject to certain conditions including, but not limited to, receipt of\n all required regulatory approvals. The securities issued by Batero in\n connection with this Offering are subject to a four month \"hold period\"\n as prescribed by the TSX Venture Exchange and applicable securities\n laws.\n\n\nThis news release does not constitute an offer to sell or a solicitation\n of an offer to buy any of the securities in the United States. The\n securities have not been and will not be registered under the United\n States Securities Act of 1933, as amended (the \"U.S. Securities Act\")\n or any state securities laws and may not be offered or sold within the\n United States or to U.S. Persons unless registered under the U.S.\n Securities Act and applicable state securities laws or an exemption\n from such registration is available.\n\n\nON BEHALF OF THE BOARD OF\nBATERO GOLD CORP.\n\n\n\"Brandon Rook\"\n\n\nBrandon Rook\nPresident & CEO\n\nFORWARD LOOKING STATEMENTS: This press release contains forward-looking\n statements. Forward-looking statements are statements that are not\n historical facts and are generally, but not always, identified by the\n words expects, plans, anticipates, believes, intends, estimates,\n projects, potential and similar expressions, or that events or\n conditions will, would, may, could or should occur. Although the\n Company believes the expectations expressed in such forward-looking\n statements are based on reasonable assumptions, such statements are not\n guarantees of future performance and actual results may differ\n materially from those in forward looking statements. Forw...