Pacific Booker Minerals Inc. Announces Private Placement Changed
Pacific Booker Minerals Inc. Announces Private
Placement Changed
Vancouver, British Columbia--(Newsfile Corp. - September 14, 2017) - Pacific Booker Minerals Inc. (TSXV: BKM) (OTC Pink:
PBMLF)
is advising that the private placement announced on September 6th has been withdrawn.
The Company is announcing the intent to complete a non-brokered private placement to a maximum of approximately 500,000
units ("Units") for total proceeds of $400,000.
The units consist of one share at a purchase price of $0.80 and one warrant to
purchase an additional share at a price of $1.00 exercisable for a period of 24 months from the date of issuance.
If, at any time,
the Common Shares close at a price of $1.40 or greater, for a period of 20 consecutive trading days, the Company may
accelerate the expiry date of the Warrants by giving notice to the warrant holders and the Warrants would expire on the 30th day
after the date on which notice is given by the Company.
All securities issued will be subject to a four-month hold period from
closing.
The proceeds will be used for general working capital.
No finder's fee or commission will be payable for this private
placement.
The private placement is subject to regulatory approval by the TSX Venture Exchange.
The Company is also advising that the hold period and warrant expiry date for the Private Placement announced July 20, 2017
has been changed due to a delay in the final approval.
The hold period on the shares will expire January 13, 2018 and the
warrants will have an expiry date of September 13, 2019.
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On Behalf of the Board of Directors
"John Plourde"
John Plourde, Director
No regulatory authority has approved or disapproved the information contained in this news release.