Berkwood Resources Ltd. Closes 1st Tranche of Non-Brokered Private Placement
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14th Floor - 1111 West Georgia Street, Vancouver, BC, V6E 4M3
Tel. 604-689-1799 Fax.604-689-8199
email: [email protected]
Website: www.berkwoodresources.com
September 29, 2017 TSX-V SYMBOL: BKR
Berkwood Resources Ltd. Closes 1st Tranche of Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR
INTO THE UNITED STATES.
Berkwood Resources Ltd. (“Berkwood”) (TSX -V: BKR) announces it has received conditional approval from the
TSX Venture Exchange and now will close a 1st tranche and issue 1,308,620 units at $0. 29 for gross proceeds of
$379,499.80. Each unit will be comprised of one common share and one warrant, with each whole warrant exercisable
into one common share at a price of $0.35 for a period of two years from closing.
A finder’s fee of $23,200 cash, issuance of 40,000 common shares and 40,000 warrants will be paid/issued to EMD
Financial Inc.
All securities will be subject to a four-month plus one day hold period from the closing.
Proceeds of the private placement will be used to develop the Company’s properties located in Quebec and general
working capital.
The issuance of the securities and the payment of the finder’s fee is subject to final approval of the TSX Venture
Exchange.
ON BEHALF OF THE BOARD
Signed: “Thomas Yingling”
Thomas Yingling,
President and Director
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward -looking statements which reflect the expectations of management. Forward-looking statements
consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectation s or intentions regarding the
future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ m aterially
from those contained in the statements. No assurance can be given that any of the events anticipated by the forward -looking statements will
occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current
views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.
Neither 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.