BWR Exploration Inc. announces a non-brokered Unit Offering and Flow-Through Offering to raise up to $1,350,000
3rd Floor, 82 Richmond St. E., Toronto, ON M5C 1P1 Tel: (416) 848 6866
BWR Exploration Inc. announces a non-brokered Unit Offering and Flow-Through Offering to raise
up to $1,350,000
November 29, 2017
Toronto, Ontario – BWR Exploration Inc. (TSX.V:BWR) (“BWR” or the “Company”) announces that it has initiated
non-brokered non flow-through and flow -through private placement unit offerings for aggregate proceeds of up
to $1,350,000 (the “Offering”), consisting of up to 5 million (“Units”) at Cdn $0.0 7 per Unit for proceeds of up to
Cdn $350,000 along with 10 million flow-through Units (“FT Units”) at Cdn $0. 10 per share for gross proceeds of
$1,000,000. Each non flow-through Unit consists of 1 common share (a “Common Share”) of the Company plus
one half common share purchase warrant (a “Warrant”) of the Company . Each Warrant will expire 24 months
from the date of issue (the “Warrant Expiry Date”) and will entitle the holder thereof to purchase one Common
Share (a “Warrant Share”) at a price of $0.15 per Warrant Share.
While the Offering s are being effected by the Company on a non -brokered basis, the Company may pay finder’s
fees to arm’s -length third parties consisting of: (i) cash commission of up to 8% of the gross proceeds of the
Offering; and (ii) broker warrants (“Broker Warrants”) in an amount up to 8% of the total number of Units
issued under the Offering.
The proceeds from the non flow-through portion of the Offering will be used for general corporate purposes . The
flow-through portion of the Offering will be used for qualified explora tion expenditures in Canada, with a focus
on the Little Stull Lake Gold project located in Northeastern Manitoba. The Company may elect to close this
financing in various tranches.
BWR Exploration Inc. is a public company focused on exploring for base and precious metals, with its flagship
Little Stull Lake Gold Project in NE Manitoba along with other exploration projects in Northern Ontario, and
Northern Quebec, Canada. Management of BWR includes an accomplished group of exploration/mining
specialists wit h many decades of operational experience in the junior resource sector. There are currently
55,727,461 shares issued in BWR.
Neither the Toronto 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.
For more information about BWR please visit our website:
http://www.bwrexploration.com or call/email:
Neil Novak, P.Geo., President, CEO & Director,
BWR Exploration Inc.
82 Richmond St. E
Toronto, ON M5C 1P1
Office: 416-848-6866
For information regarding this financing please contact:
Carl Desjardins, Paradox Investor Services Inc.
Cell: 514-618-4477