Bard Announces Closing Of 1st Tranche Of Non-Brokered Financing
September 7, 2010
Vancouver, BC, Canada –Bard Ventures Ltd. (“Bard”) is pleased to announce that on August 31, 2010 it closed the first tranche of the non-brokered private placement of 3,500,000 non-flow-through units at $0.060 per unit (the “NFT Units”) previously announced by news release dated August 23, 2010, for gross proceeds to Bard of $210,000. Each NFT Unit is comprised of one non-flow-through common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one common share in Bard for two (2) years at a per share price of $0.10 during the first year and at per share price of $0.12 during the second year.
The issued securities are subject to a four (4) month hold period until January 1, 2011.
On behalf of:
Bard Ventures Ltd.
(signed) “Eugene Beukman”
Eugene Beukman, President
Maxim Resources Inc. Arranges $1,000,000 Private Placement
Maxim Resources Inc., subject to regulatory approval, has arranged a private placement of up to five million postconsolidated units at 20 cents per unit. Each unit consists of one postconsolidated common share and one-half share purchase warrant. Each whole warrant will entitle the holder to purchase an additional postconsolidated common share at 30 cents per share for a one-year period.
On June 25, 2010, the company announced in Stockwatch that it was proceeding to complete a share consolidation of one new postconsolidation share for every existing four preconsolidation shares. The consolidation is to be effected as soon as practicable, with the record date for the consolidation being set following the receipt of all required regulatory approvals. Maxim currently has a total of 70,487,966 common shares issued and outstanding. In the event the required regulatory approvals are obtained, following the consolidation there are expected to be 17,621,992 postconsolidation shares outstanding.
Proceeds from this private placement will be used for continuing development of the company's South Erin block in Trinidad and for general working capital. A finder's fee may be payable.
Please send an email to request@firstcanadiancapital.com to express interest and to receive more information on this private placement
Lakeland Resources Inc. ("LK")
August 19, 2010
First Canadian Capital Markets Ltd (“FCCM”) is pleased to announce that it has acted as a co-finder for Lakeland Resources Inc. (the “Company” or “LK”)(formerly Cats Eye Capital Corp) in relation to a private placement financing of $600,000. The financing was completed in conjunction with the Qualifying Transaction of the Company as described in its filing statement dated August 9, 2010.
Effective at the opening Thursday, August 19, 2010, the Company will commence trading on the TSXV. The Company was previous a capital pool corporation.
The Company owns a 100% interest and title in two mineral claims encompassing approximately 2,426.7 acres (982.06 ha) near the southern end of Gordon Lake, located about 80 km northeast of Yellowknife, Northwest Territories. The Gordon Lake area has a 70 year documented exploration history. The historic Camlaren Mine, located within the Property, has been the focus of gold exploration in the Gordon Lake area since its discovery in the 1930’s; it remains the largest known gold deposit in the Gordon Lake area. Significant gold production was reported from the Camlaren Mine in 1963 and 1980-1981.
During 2009, a sampling program by the previous owners returned significant gold grades. The best grades were obtained from a large, sulphide-rich quartz boulder in the tailings pond berm. Biased samples 73406 and 73407 were collected from the most intensely mineralized portion of the boulder and returned 703.87 gm/t (20.53 oz/ton) and 827.69 gm/t (24.14 oz/ton) Au respectively. Of 209 samples collected, 25 returned values greater than 5 gm/t Au, mostly from muck samples around the Camlaren Mine, debris from the ‘Hump’ and ‘H’ veins, or from pits and trenches on the ‘31’ Vein. A further 33 samples from these areas returned values between 0.5 gm/t and 5 gm/t Au.
For further information, contact our office at 416-742-5600. |