BWR Exploration Inc. Announces Upsizing of Non Flow-Through Unit Offering
3rd Floor, 82 Richmond St. E., Toronto, ON M5C 1P1 Tel: (416) 848 6866
BWR Exploration Inc. Announces Upsizing of Non Flow-Through Unit Offering
December 15, 2017
Toronto, Ontario – BWR Exploration Inc. (TSX .V:BWR) (“ BWR” or the “Company”) is pleased to announce that
due to increased investor demand, the Company is increasing the previously announced November 29, 2017
offering (the “Offerings”). The non flow-through unit component of the Offering from total gross proceeds of up
to Cdn $350,000 to total gross proceeds of up to Cdn $84 0,000. The non flow -through portion of the O ffering
will now consist of up to 1 2 million non flow-through units (“Units”) of the Company at a price of Cdn $0.07 per
Unit.
As previously announced, e ach Unit will consist 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 each whole Warrant will entitle the holder thereof to
purchase one Common Share (a “Warrant Share”) at a price of $0.15 per Warrant Share.
Together, the non-brokered, non flow-through unit and flow-through common share private placement Offerings
will now be for aggregate proceeds of up to Cdn $1,840,000.
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) finder’s warrants (“ Finder’s Warrants”) in an amount up to 8% of the total number of Units
issued under the Offering. Each Finder’s Warrant entitles the holder thereof to purchase one Unit of the Company
at a price of $0.10 per Unit subject to the Warrant Expiry Date.
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 exploration 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. The closing date of the Offering is expected to
occur no later than December 31, 2017. All securities issued by BWR will be subject to a hold period of four
months and one day . Completion of the Offering is subject to customary closing conditions, including TSX
Venture Exchange approval.
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 ac complished group of exploration/mining
specialists with 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
2 BWR Exploration Inc. Announces Upsizing of Non Flow-Through Unit Offering
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