Banks Island Gold announces that, further to its news release dated September 9, 2013, it has closed the first tranche of a brokered private placement offering of an aggregate of 1,881,828 flow-through units at a price of $0.80 per Flow-Through-Unit, for gross proceeds of $1,505,462.40, and 43,000 non-flow-through units at a price of $0.75 per Non-Flow-Through Unit, for gross proceeds of $32,250. Secutor Capital
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