BWR Exploration closes $583K first tranche

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By CPE News

Toronto (pcJ News Briefs) – BWR Exploration Inc. (TSX-V: BWR) has closed the first tranche of the previously announced non-brokered private placement, issuing 3,650,000 flow-through (FT) units at $0.06 per FT unit and 7,285,500 non flow-through (NFT) units at $0.05 per NFT unit for aggregate gross proceeds of $583,275.

Proceeds from the NFT portion of the offering will be used for general corporate purposes. The FT portion will be used for qualified exploration expenditures in Canada, with a focus on the Little Stull Lake Gold project located in Northeastern Manitoba.

BWR Exploration Inc. is 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.

photo credit: BWR Exploration