Bessor Minerals Inc. Closes Second and Final Tranche of Common Share Private Placement
14.06.2019 | GlobeNewswire
NANAIMO, June 14, 2019 - Bessor Minerals Inc. (formerly, Troymet Exploration Corp.) (TSXV:BST) (“Bessor”) announces that, further to its March 4, 2019 and May 31, 2019 news releases, Bessor has closed the second and final tranche of its common share private placement, issuing 1,550,000 common shares at a price of $0.05 per common share for gross proceeds of $77,500.00, subject to final acceptance from the TSX Venture Exchange. The aggregate total gross proceeds raised from both tranches of the private placement is $362,500. The net proceeds of the private placement will be used for general corporate and working capital purposes. The common shares issued pursuant to the second tranche offering are subject to a hold period that expires on October 15, 2019.About Bessor Minerals Inc.
Bessor is a mineral exploration company with its current exploration activity focused in British Columbia. Please refer to Bessor’s website (www.bessorminerals.com) to view information on Bessor’s Golden Eagle and Redhill projects. Bessor retains a 1% net smelter returns royalty (NSR) on the Key property, British Columbia, which was sold to New Gold Inc. in 2013. Bessor is continuing to evaluate and monitor opportunities in the minerals sector.
Bessor Minerals Inc.
Kieran Downes, Ph.D., P.Geo.
President, CEO & Director
For further information, contact:
Bessor Minerals Inc.
Investor Relations
Tel: 250-729-0453
Email: info@bessorminerals.com
Website: www.bessorminerals.com
Neither the 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 news release.