Bandera Increases and Closes Private Placement
November 29 2013 - 7:17PM
Access Wire
Edmonton, AB, November 29, 2013-Bandera Gold Ltd
("Bandera") (TSXV:BGL) announced today
that it has increased its non-brokered private placement of 5,000,000 units
to 5,100,000 units of Bandera
at a price of $0.05 per unit and closed the
financing for proceeds of
$255,000. Each unit
consists of one common
share and a half warrant. Each whole warrant entitles the holder to
purchase an additional common share at a price of $0.05 per
share on or before November 29,
2015.
The warrants will
include a provision that in the event that the common shares of
Bandera trade at or above $0.08 per share for 5 consecutive trading
days, Bandera may, upon notice to the holders of the warrants,
shorten the exercise period to 30 days after which the warrants
will lapse.
The securities issued pursuant to
the private placement have a hold period expiring March 30,
2014.
On Behalf of the
Board
Stephen
Roehrig
President and
CEO
For further information please contact:
Stephen Roehrig, President and CEO (780) 465-4129
Web: www.banderagold.com
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. Information provided
herein contains forward-looking statements. The reader is cautioned
that assumptions used in the preparation of such information, which
are considered reasonable by Bandera at the time of preparation,
may prove to be incorrect. Actual results achieved will vary from
the information provided and the variations may be material. There
is no representation by Bandera that actual results achieved will
be the same in whole or in part as those indicated in the
forward-looking statements.
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