Bacanora Minerals Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Bacanora Minerals Ltd Announces Revised Private Placement
Bacanora Minerals Ltd announced that the Company is proposing a revised private placement financing for aggregate gross proceeds of up to $3,500,000 of units of the Company at a price of $0.30 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at a price of $0.45 for a period of five years. Pursuant to press release dated February 21, 2013, the Company had previously proposed to that the warrants have an expiry period of four years. This proposed financing will supersede and replace the prior announced financing.It is expected that the proceeds of this offering will be used to further exploration on the Company's Borate and Lithium programs and for general working capital purposes.
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