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Balmoral Resources Ltd (BAR.TO)

BAR.TO on Toronto Stock Exchange

0.76CAD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Balmoral Resources enters into agreement to receive minimum $3.6 mln through sale of non-core asset
Wednesday, 25 May 2016 07:30am EDT 

Balmoral Resources Ltd : Balmoral enters into agreement to receive minimum $3.6 million through sale of non-core asset . To sell its interest in Discovery Zone property to Wallbridge Mining Company limited . Will receive immediate payment of 2.4 shares of wallbridge, cash payments totaling either $3.4 or $3.5 million over next 60 -120 days . To receive immediate payment of 2.4 million common shares of wallbridge, cash payments totaling either $3.4 or $3.5 million dollars .Balmoral will retain a 1% net smelter return royalty on all future production from Discovery Zone.  Full Article

Balmoral Resources Ltd announces $4.5 million flow-through private placement
Thursday, 15 Oct 2015 08:14pm EDT 

Balmoral Resources Ltd:Says it is proceeding with a non-brokered private placement to raise gross proceeds of up to $4,500,000 through the issuance of up to 6,000,000 flow-through shares of the Company priced at $0.75 per Flow-Through Share.Says the pricing of the Offering reflects a 44% premium to the 30 day volume weighted average trading price of the Company's common shares.Says proceeds raised from the Offering will be used by the Company for further delineation of its Martiniere Gold and Grasset Nickel Discoveries, and continued exploration of its Detour Gold Trend Project located in the Province of Quebec.Closing of the Offering is anticipated to occur on or about October 28, 2015, subject to receipt of regulatory approvals, including the acceptance of the Offering by the Toronto Stock Exchange.Says the Flow-Through Shares will be subject to a four month and one day hold period from the date of closing of the Offering under applicable securities laws in Canada.  Full Article

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BRIEF-Balmoral reports phase two drill results from Northshore joint venture, Ontario

* Balmoral reports phase two drill results from Northshore joint venture, Ontario Source text for Eikon: Further company coverage: