June 12, 2018 - Vancouver, British Columbia, Canada: Bard Ventures Ltd. (the “Company” or “Bard”) is pleased to announce that further to its news release dated June 1, 2018, it has closed a non-brokered private placement for 5,000,000 units (the “Units”) of the Company at a price of $0.04 per unit for gross proceeds of $200,000 (the “Offering”).
Each Unit will consist of one (1) common share (the “Common Share”) and one (1) common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one (1) additional Common Share of the Company at a price of $0.05 for a period of two (2) years from the closing date of the Offering. The securities issued pursuant to the Offering are subject to a four (4) month hold period from the closing date.
The Company relied on the TSX Venture Exchange’s discretionary waiver (the “Waiver”) of the $0.05 minimum pricing requirement bulletin, dated April 7, 2017. Proceeds raised from the sale of the Units will be used for the renewal and filing of claim assessment fees to the Loan Pine Property Claim; current audit and tax returns; and trust company, bank fees and other general expenses. The proceeds will also be used for general working capital purposes. No funds will be paid to directors or insiders, and no finder’s fees were paid in connection with this Offering.
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.
Neither the 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.
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