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BE Resources Inc Closes $467,500 Private Placement


Friday, 2 Aug 2013 04:17pm EDT 

BE Resources Inc (BER or the Company) announced that on August 1 2013 it closed a non-brokered private placement of 9,350,000 units at a price of $0.05 per unit, for gross proceeds of $467,500. Each unit is comprised of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant entitles the holder to purchase one Common Share for a period of five years from the date of issuance of the Warrant at an exercise price of $0.10 per Common Share. The Company intends to use the proceeds of the Private Placement for general corporate and working capital purposes. The Private Placement is subject to final approval by the TSX Venture Exchange. 

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