Boxxer Re-Prices $1,200,000 Flow-Through Financing

Boxxer Re-Prices $1,200,000 Flow-Through Financing

Calgary , Alberta CANADA, August 08, 2011 /FSC/ - Boxxer Gold Corp. (BXX - TSX Venture, BXXRF - OTC Pink)


Further to a press release dated June 23, 2011, Boxxer Gold Corp. (BXX-TSXV) ("Boxxer") has re-priced its $1,200,000 flow-through unit ("Unit") financing to $0.25 per Unit (down from $0.30 per Unit).  All other terms of the financing remain the same.  

DD Securities Inc., a Toronto, Ontario based registered investment dealer, has been engaged to assist Boxxer on a best efforts basis in raising up to $1,200,000 from an offering of up to 4,800,000 Units, priced at $0.25 per Unit.  Each Unit consists of one common share issued on a flow-through basis and one-half of one non-flow-through common share purchase warrant.  Each full warrant is exercisable at $0.40 into one non-flow-through common share at any time prior to the earlier of: (i) the date that is eighteen months from the date of the issuance of the Units; and (ii) in the event that the closing price of the common shares of Boxxer on the TSX Venture Exchange is at least $0.45 for a minimum of 10 consecutive trading days, Boxxer may, in its sole discretion, provide written notice to the warrantholders that the exercise period has been reduced to 25 days following delivery of such notice.  The proceeds of the offering will be used for exploration on Boxxer's recently acquired DOK porphyry copper property in NW B.C., and the East Breccia copper-silver-molybdenum property in south-central Ontario.  A 7% commission and 10% Broker Warrants will be payable on the closing of the offering.  Each Broker Warrant is exercisable into one common share of Boxxer for a period of eighteen months at a price of $0.25 per share.


About Boxxer Gold Corp.

Boxxer Gold is a Canadian junior resource company involved in the exploration of the Boss and Buena Vista copper projects in the state of Nevada, the DOK copper-gold porphyry property in Northwest B.C., the East Breccia copper-silver-molybdenum property in Ontario, and a shear hosted gold project located 110 kilometres north of Yellowknife NWT, Canada.

For more information on Boxxer please visit our website at www.boxxergold.com or contact:


BOXXER GOLD CORP
Colin B. Christensen
Vice-President Corporate Development
Tel: 1-403-264-4811
Fax: 1-403-237-6292
e-mail: colin@boxxergold.com


BOXXER GOLD CORP
John L. Maslanyk
Vice President Chief Information Officer
Tel: 1-403-804-2251
Toll Free: 1-888-479-3596
e-mail: john@boxxergold.com


BOXXER GOLD CORP
Keith Bullen
Investor Relations
Tel: 1-416-350-2794
Fax: 1-416-350-2794
e-mail: kbullen@rogers.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties.  There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Boxxer's disclosure documents on the SEDAR website at www.sedar.com. Boxxer does not undertake to update any forward-looking information except in accordance with applicable securities laws.


To view this release as a web page, please click on the following link:

http://www.usetdas.com/pr/boxxer08082011.htm  



Source: Boxxer Gold Corp. (TSX-V: BXX) http://www.boxxergold.com
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com