BAT Batero Gold Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Batero Gold Corp. ("the Company") (TSX VENTURE:BAT) wishes to announce that it
has entered into an agreement with Raymond James Ltd. and Cormark Securities
Inc., (collectively the "Underwriters"), pursuant to which the Underwriters have
agreed to purchase special warrants (the "Special Warrants") to be issued by way
of a private placement, at a price (the "Issue Price") to be determined in the
context of the market (the "Offering"). The Company has also granted the
Underwriters an option, giving notice to the Company at any time for up to 30
days following the closing date (as herein after defined), to acquire additional
Special Warrants, at the Issue Price, to cover over-allotments, if any.


Each Special Warrant will entitle the holder to acquire, upon exercise and for
no additional consideration one unit (a "Unit"), consisting of one common share
("Common Share") in the capital of the Company and one-half of one common share
purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle
the holder to acquire an additional Common Share (a "Warrant Share") during the
period ending 24 months following the closing of the Offering.


The Company has agreed to use its reasonable best efforts to obtain, within 60
days after the closing of the Offering (the "Qualification Deadline"), a receipt
for a final short form prospectus qualifying the distribution of the Units upon
exercise of the Special Warrants (the "Prospectus Qualification"). If the
Prospectus Qualification does not occur before the Qualification Deadline, each
holder shall have the right to exercise the Special Warrants, without payment of
additional consideration, and receive 1.1 Units per Special Warrant. 


The net proceeds will be used to advance the Company's 100% owned
Batero-Quinchia Project by completing a preliminary economic assessment,
including additional drilling and metallurgical work, and for working capital
and general corporate purposes. 


The Offering is scheduled to close on or about April 26, 2012 and is subject to
certain conditions including, but not limited to, the receipt of all necessary
approvals, including the approval of the TSX Venture Exchange, and other
securities regulatory authorities as applicable.


ON BEHALF OF THE BOARD OF

BATERO GOLD CORP.

Brandon Rook, President & CEO 

Batero Gold Corp. 

FORWARD LOOKING STATEMENTS: Certain of the statements and information in this
press release constitute "forward-looking statements" or "forward-looking
information" Any statements or information that express or involve discussions
with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but not always,
using words or phrases such as "expects", "anticipates", "believes", "plans",
"estimates", "intends", "targets", "goals", "forecasts", "objectives",
"potential" or variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or be
achieved, or the negative of any of these terms and similar expressions) are not
statements of historical fact and may be forward-looking statements or
information.


Forward-looking statements or information relate to, among other things: the
anticipated timing of the Prospectus Qualification; the advancement of the
Batero-Quinchia project and work to be completed thereon; and the anticipated
timing of the closing of the Offering. 


Forward-looking statements or information are statements about the future and
are inherently uncertain, and actual achievements of the Company or other future
events or conditions may differ materially from those reflected in the
forward-looking statements or information due to a variety of risks,
uncertainties and other factors, including, without limitation, the timing of
the receipt of regulatory approvals required to complete the Offering and those
referred to in the Company's Management's Discussion and Analysis dated as of
February 28, 2012 under the heading "Risk Factors". Although the Company has
attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as
anticipated, estimated, described or intended. Accordingly, readers should not
place undue reliance on forward-looking statements or information.


The Company's forward-looking statements and information are based on the
assumptions, beliefs, expectations and opinions of management as of the date of
this press release, and other than as required by applicable securities laws,
the Company does not assume any obligation to update forward-looking statements
and information if circumstances or management's assumptions, beliefs,
expectations or opinions should change, or changes in any other events affecting
such statements or information. For the reasons set forth above, investors
should not place undue reliance on forward-looking statements and information.

Batero Gold (TSXV:BAT)
Historical Stock Chart
From Jun 2024 to Jul 2024

Batero Gold (TSXV:BAT)
Historical Stock Chart
From Jul 2023 to Jul 2024