|BOWMORE Exploration Ltd.
TSX VENTURE : BOW
May 04, 2016 08:46 ET
MONTREAL, QUEBEC–(Marketwired – May 4, 2016) – BOWMORE Explorations Ltd. (the “Company” or “BOWMORE”) (TSX VENTURE:BOW)(FRANKFURT:0B5) would like to provide an update to its Private Placement recently announced March 17, 2016 and that the Company is actively facilitating the closing of the Private Placement which the Company expects will occur on or before May 24, 2016. The Company has received conditional regulatory approval for the non-brokered private placement (the “Private Placement”) for total gross proceeds of up to $750,000 (See news release dated March 17, 2016 for more details).
The net proceeds from the Private Placement will be used to fund exploration work and working capital. Closing of the Private Placement is subject to TSX Venture Exchange approval. The securities issued will be subject to a standard four month hold period.
BOWMORE is a Canadian exploration mining company focused on precious metal exploration and industrial minerals in Canada and Mexico. The Company trades on the TSX Venture Exchange under the symbol “BOW”. For further information on BOWMORE, visit www.bowmorexploration.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 release.
Forward-looking statements: Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.