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Berkwood Increases and Amends Terms of Private Placement
Published Mar 16 2012
5 min read

Berkwood Increases and Amends Terms of Private Placement

Berkwood Increases and Amends Terms of Private Placement

(via Thenewswire.ca)

Berkwood Resources Ltd. ("the Company") is pleased to announce a non brokered private placement (the "Offering") previously announced on February 23, 2012, has been increased to an aggregate of 2.2 million from 2.0 million units at 15 cents per unit for the gross proceeds of $330,000.

Each unit is amended from one common share and one-half of a common share purchase warrant to consists of one common share plus one share purchase warrant with each warrant entitling the holder to purchase one additional common share of the company at 20 cents per share in the first year and 25 cents per share in the second year from the closing of the private placement.

A finder's fee will be payable in accordance with the policies of the TSX Venture Exchange. The terms of the private placement are subject to approval by regulatory authorities.

The proceeds of this private placement will be used for exploration program, acquisition of properties and for general working capital

FOR INFORMATION OR INVESTOR RELATIONS CONTACT THE COMPANY

AT (604) 662-7455 OR VISIT THE WEBSITE AT www.berkwoodresources.com

On Behalf of the Board

Brian Buchanan

President and Director

Copyright (c) 2012 Thenewswire.ca - All rights reserved.