August 12, 2014 - Vancouver, British Columbia, Canada: Bard Ventures Ltd. (the "Company" or "Bard") announces that further to its news release dated June 12, 2014 the previously announced non-brokered private placement did not close as per TSX Venture Exchange policies.
The Company wishes to further announce a new non-brokered private placement of up to 8,000,000 units of the Company at a price of $0.05 per unit (the Units") for gross proceeds of up to $400,000 (the "Offering"). Each unit will consist of one (1) common share (the "Common Share") and one (1) transferrable share purchase warrant (the "Warrant"). Each Warrant will entitle the holder thereof to purchase one (1) additional Common Share of the Company for a period of sixty (60) months from the Closing Date of the Offering at a price of $0.05. The Company anticipates that there may be insider participation in the Offering.
Gross proceeds raised from the sale of the Units will be used for exploration expenditures on the Company's properties in British Columbia and for general corporate purposes.
The Company may pay a finder's fee on some of the gross proceeds to certain introducing parties in respect of the Offering, subject to compliance with applicable securities legislation and TSX Venture policies. The closing is subject to receipt of all necessary regulatory and Board approvals. The securities issued pursuant to the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.
On behalf of:
Bard Ventures Ltd.
Eugene Beukman, President
For further information please visit our website at www.bardventures.com.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
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