BWR Exploration Inc. announces an offer of units without intermediary : Post Releas

BWR Inc Exploration

BWR Inc Exploration

TORONTO, Nov. 24, 2022 (GLOBE NEWSWIRE) — BWR Exploration Inc. (TSX.V: BWR) (“BWR” or “Business“”) announces that it has initiated a non-brokered unit offer (“Unit offer“) to 8,000,000 units (“units“) set forth below at $0.03 per unit. Each Unit will consist of one common share (“Shared share“) of the Company and a warrant to purchase half of the Ordinary Shares (the “Half Warrant”). The two Half Warrants constitute one Ordinary Share purchase warrant (“Full Warrant“) of the company. Each Full Warrant will expire 36 months from the date of issue (“Full Order expiration date“) and will entitle its holder to acquire one Common Share (“Full Warrant Share”) at a price of USD 0.06 per Whole Warrant Share for 24 months from the closing of the Unit Offering and for a period of 24 months plus one day from the closing of the Unit Offering until the Full Warrant Expiry Date at a price of USD 0.10 per Whole Warrant Share. The Offer of Units is valid for total proceeds up to USD 240,000.

While the Offering of Units is conducted by the Company on a non-broker basis, the Company may pay search fees to third parties on an arm’s length basis consisting of: (i) a cash commission of up to 8% of the gross proceeds of the Offering of Units; and (ii) brokerage warrants (“Brokerage Warrants”) in the amount of up to 8% of the total number of Units issued under the Offer of Units. Each Brokerage Warrant will entitle its holder to purchase one Common Share of the Company at the Strike Price of $0.06 for a period of 24 months from the issue date.

Proceeds from the Offering of Units will be used for general corporate purposes, including the development of exploration programs on the Company’s projects in Canada, with particular emphasis on the Little Stull Lake Gold project located in Northeast Manitoba. All securities issued in connection with the Share Offering will be subject to a statutory hold-up period of four months plus one day. The Offering of Units is subject to TSX Venture Exchange and regulatory approval. Closing is planned around December 15, 2022 or as otherwise determined by the Company, including in various tranches.

This press release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The Securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws, and may not be offered or sold in the United States or to U.S. persons, unless registered under the U.S. Securities Act and relevant state securities laws, or an exemption from such registration is available.

BWR Exploration Inc. is a public base and precious metal exploration company with its flagship Little Stull Lake Gold Project in NE Manitoba along with other exploration projects in northern Ontario and northern Quebec, Canada. The management of BWR includes an excellent group of exploration and production specialists with many years of operational experience in the junior sector of raw materials. Currently, the Company has issued and traded 101,442,461 shares.

Neither Toronto Venture Exchange nor its regulatory services provider (as defined in the TSX Venture Exchange rules) is responsible for the adequacy or accuracy of this statement.

More information about BWR can be found on our website:

http://www.bwreexploration.com or call/send an e-mail:

Neil Novak, P.Geo., President, CEO and Director,
BWR Inc Exploration
82 Richmond St.E
Toronto, ON M5C 1P1
Office: 416-848-6866
[email protected]

For information on this funding, please contact:

Charles Desjardins,
Paradox Investor Services Inc.
Office: 514-341-0408
[email protected]

Warning and Forward-looking Statements

This press release contains certain forward-looking statements and information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, contained in this document, including but not limited to statements regarding the Offering of Units and proposed uses of the proceeds of the Offering of Units, are forward-looking statements. Although the Company believes that such statements are reasonable, it cannot give any guarantee that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as “pro forma,” “plans,” “expects,” “will,” “may,” “should,” “budget,” “planned,” estimates”, “projects”, “intends”, “anticipates”, “believes”, “potential” or variations of such words, including negative variations thereof, and phrases referring to certain actions, events or outcomes that may, could, would be, may or will occur, will be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied in the forward-looking statements. This forward-looking information reflects the Company’s current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These include, but are not limited to: acceptance of the Offer of Units by the TSX Venture Exchange; market acceptance and approvals; and the expected date of closing the Offer. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of business, results or achievements to differ materially from those expressed or implied in such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices of securities; delay or failure to obtain board or regulatory approvals; actual results of future operations; competition; changes in the law, including environmental protection regulations, affecting the Company; schedule and availability of external financing on acceptable terms; and the lack of a skilled, skilled workforce or the loss of key people. A description of additional assumptions used in the development of such forward-looking information and a description of additional risk factors that could cause actual results to differ materially from the forward-looking information can be found in the Company’s information documents regarding the Electronic Document Analysis and Retrieval System (“SEDAR”). ”) at www.sedar.com. Although the Company has tried to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be in line with expectations, estimates or intentions. Readers are cautioned that the above list of factors is not exhaustive. In addition, readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations on which it is based will be realised. The forward-looking information contained in this press release is expressly qualified by this warning. The forward-looking information contained in this press release reflects the Company’s expectations as at the date of this press release and may therefore change thereafter. However, the Company expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.

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