Balloch Resources Ltd.-$1,125,000 Private Placement Completed.TORONTO -- Balloch Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BAH) today announced it has completed its private placement reported July 14, 2004. Under the revised terms of the private placement financing, Balloch raised gross proceeds of $1,125,000 by issuing 4.5 million units at a price of $0.25 each. Each unit consisted of one common share of Balloch and one-half of one share purchase warrant. Each full share purchase warrant will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to acquire one additional common share of Balloch at a price of $0.33 per share in the first year and $0.35 per share in the second year. Middlemarch Partners Limited of London, England was paid a finder's fee Finder's fee A fee a person or company charges for service as an intermediary in a transaction. finder's fee The charge levied by a person or firm for putting together a deal. of 200,000 shares in consideration of its efforts in the placement. The shares issued and issuable under the placement, including the shares issued to Middlemarch and issuable on exercise of the warrants, are subject to restrictions on transfer until February 7, 2005. Balloch is a mineral exploration company with a 10% net profit interest in the El Molino mining concession owned by Lumina Lumina may refer to:
The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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