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Bolero announces $1,260,000 flow-through financing
Bolero announces $1,260,000 flow-through financing
About this update from Imperial Metals Corporation
[{"type":"text","content":"\n\n\n\nDec. 17, 2009 (Canada NewsWire Group) -- VANCOUVER, Canada, Dec. 17 /CNW Telbec/ -- Bolero Resources Corp. (the \"Company\" or \"Bolero\"), (TSX-V: BRU), (FRANKFURT: U7N1) is pleased to announce the Company has agreed with the Mineralfields Group to complete a private placement to raise gross proceeds of $1.26-million. It has been agreed the offering will comprise 2,290,909 flow-through units at a price of $0.55 per unit. The units will comprise one common share and one-half of one non-flow-through warrant, with each whole warrant being exercisable for the purchase of an additional share, at a price of $0.80 per share, for a two-year period. In connection with this offering, First Canadian Securities will receive a 6% cash finder's fee and 2 year non-flow-through finder's fee warrants equal to 8% of the number units subscribed for at an exercise price of $0.55 per unit.Bolero also wishes to announce a non-brokered private placement of up to one million units at a price of $0.55 cents per unit to raise $550,000. Each unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.80 cents per share for two years. Finders' fees may be payable.Proceeds of the offerings will be expended on mineral exploration on Bolero's claims package adjoining Imperial Metals Red Chris properties. The private placements remain subject to receipt of TSX Venture Exchange approval.About Bolero------------Bolero Resources Corp. is a Canada-based molybdenum mineral development and exploration company. Bolero's primary assets are 100% interests in two significant molybdenum properties located in Montana, USA, which are the Bald Butte and Cannivan Gulch properties. The Company is listed on the TSX-Venture Exchange under the symbol BRU, as well as the Frankfurt Exchange under U7N1. For more information, please visit www.boleroresources.ca.About MineralFields, Pathway and First Canadian Securities (R)--------------------------------------------------------------MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver Montreal and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investor...