Bessor Closes Second and Final Tranche of Common Share Private Placement
14 Juni 2019 - 10:12PM
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:Investor Relations Tel: 250-729-0453Email:
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.
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