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Bluestone Resources Inc (BSR.V)

BSR.V on TSX Venture Exchange

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Bluestone Resources Inc closes $737,480 first tranche of private placement
Thursday, 4 Jun 2015 07:04pm EDT 

Bluestone Resources Inc:Says that it has closed the first tranche of the private placement of units, announced on May 11.Issued 14,749,600 units at a price of $0.05 per unit for gross proceeds of $737,480.Says each unit consisted of one common share and one common share purchase warrant.Says each common share purchase warrant is exercisable into one common share for a period of five years from closing at a price of $0.07 per share.Says all securities issued will be subject to a four-month hold period with 2,980,000 expiring on Oct. 3, and remainder of 11,769,600 on Oct. 5.Intends to use proceeds of private placement for general working capital purposes.  Full Article

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