Boxxer Closes Fourth Tranche of Private Placement

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[{"type":"text","content":"\n\n\n\nCALGARY, April 16 /CNW/ - Boxxer Gold Corp. (TSX-V:BXX) ("Boxxer" or the\n"Corporation") today announced it has closed a fourth tranche of the\nnon-brokered private placement of the $510,000 financing previously announced\non February 17, 2009. Boxxer issued 5,000,000 Units at $0.03 per Unit for\ngross proceeds of $150,000. Combined with the first three tranches, the total\ngross proceeds raised to date from all four tranches of the Private Placement\nis $426,450 (14,215,000 Units). Boxxer anticipates that one final closing will\ntake place in the near future.\n\n\nEach Unit consists of one common share in the share capital of Boxxer\n("Common Share") and one-half of a Common Share purchase warrant ("Warrant").\nEach whole Warrant shall be exercisable for 18 months from the date of\nissuance into one Common Share at a price of $0.10 per Common Share. Proceeds\nof the private placement will be used for the drilling program on the Boss\nProperty in Nevada and working capital.\n\n\nA finder's fee totaling $12,000, and finder's warrants totalling 500,000\nwas paid to Union Securities Ltd. and Raymond James Ltd. for their\nparticipation in this private placement. Each finder's warrant is exercisable\nfor 18 months from the date of issuance at $0.10 into one Common Share and\none-half of a Warrant.\n\n\nThese securities were issued with a four-month hold period expiring on\nOctober 16, 2009.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the TSX Venture Exchange) accept\nresponsibility for the adequacy or accuracy of this release.\n\n\nForward-Looking Statements: This news release may contain certain\nforward-looking information. All statements included herein, other than\nstatements of historical fact, is forward-looking information and such\ninformation involves various risks and uncertainties. There can be no\nassurance that such information will prove to be accurate, and actual results\nand future events could differ materially from those anticipated in such\ninformation. A description of assumptions used to develop such forward-looking\ninformation and a description of risk factors that may cause actual results to\ndiffer materially from forward-looking information can be found in the\ncompany's disclosure document...

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