Berkwood Resources Ltd. Announces Increase to Non-Brokered Private Placement
14th Floor - 1111 West Georgia Street, Vancouver, BC, V6E 4M3 Tel. 604-689-1799 Fax.604-689-8199 email: [email protected] Website: www.berkwoodresources.com
April 13, 2017 TSX-V SYMBOL: BKR
Berkwood Resources Ltd. Announces Increase to Non-Brokered Private Placement
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Berkwood Resources Ltd. (“Berkwood”) (TSX-V: BKR) announces that further to its press release dated April 5, 2017, it will increase its financing from $1,508,000 to $2,000,000 and will propose to issue up to 7,692,308 units at $0.26 per unit for gross proceeds of up to $2,000,000. Each unit will be comprised of one common share and one common share purchase warrant, with each whole warrant exercisable into one common share at a price of $0.35 for a period of two years from closing.
All securities will be subject to a four-month hold period from the closing date. Finder’s fees may be paid in accordance with the TSXV policies. The private placement is subject to the approval of the TSXV.
Proceeds of the private placement will be used to develop existing properties, potential future acquisitions and general working capital.
The private placement and the payment of finder’s fees are subject to approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD
Signed: “Thomas Yingling”
Thomas Yingling, President and Director
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.