Pacific Booker Minerals Inc. Announces Private Placement Revised
Pacific Booker Minerals Inc. Announces Private
Placement Revised
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2017) - Pacific Booker Minerals Inc. (TSXV: BKM) (OTC Pink:
PBMLF) is amending the amounts announced in the news release dated August 31, 2017.
Due to the increase in the trading
price of the company shares on August 18th, not all subscriptions can be accepted and no insider subscriptions will be
accepted.
The closing has been amended to 1,015,502 units for total proceeds of $507,751 with a total of 28 individuals and 1
corporate placee.
All other details remain as announced.
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.
All previously received subscriptions will be given the first opportunity to participate in the current private placement or to receive
a full refund of the funds received.
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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.