Banks Island Gold is pleased to announce that, further to its news release dated September 20, 2012, it has closed a non-brokered private placement of 574,713 flow-through common shares at a price of $0.87 per share for gross proceeds of $500,000. In connection with the FT Offering, the Company paid a finder's fee, in cash, in the amount of 7% of the gross proceeds of the FT Offering and issued 57,471
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