Neither the 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. Bard Ventures Ltd.
NEWS RELEASE Bard Ventures Ltd.
Suite 800 – 1199 West Hastings Street Vancouver, B.C., V6E 3T5 Tel: 604 687 2038 Fax: 604 687 3141
Frankfurt Exchange: BVU January 18, 2012 TSX Venture Symbol: CBS
BARD VENTURES - CLOSES 2nd and FINAL TRANCHE OF FINANCING
Vancouver, BC, Canada –Bard Ventures Ltd. (“Bard” or the “Company”) is pleased to announce that on January 17, 2012 it closed the second and final tranche of the non-brokered private placement for 1,000,000 non-flow-through units at $0.05 per unit (the “NFT Units”) (previously announced by news release dated November 7, 2011), for gross proceeds to the Company of $50,000. Each NFT Unit is comprised of one (1) common share and one (1) transferable common share purchase warrant. Each common share purchase warrant (a “Warrant”) entitles the holder thereof to acquire one (1) additional common share in the Company at a per share price of $0.10 on or before January 17, 2014.
As a subscriber to the private placement, Eugene Beukman, a director of Bard, acquired directly an aggregate of 120,000 NFT Units.
The issued securities are subject to a four (4) month hold period which expires on May 18, 2012. Gross proceeds raised from the sale of the NFT-Units will be used for general corporate purposes.
The Company also wishes to announce that it has granted an aggregate of 2,070,500 incentive stock options to the directors, officers and consultants of the Company, pursuant to the terms and conditions of the Company’s 2011 stock option plan. The options will be exercisable for a five (5) year period, i.e. until January 18, 2017, at $0.10 per share.
On behalf of:
Bard Ventures Ltd.
“Eugene Beukman”
Eugene Beukman, President
For further information please visit our website at www.bardventures.com
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forwardlooking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
Neither the 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.