VANCOUVER, Aug. 31, 2012 - Bonaparte Resources Inc. (TSX VENTURE:BON) ("Bonaparte" or the "Company") announced today that it has closed the private placement previously announced on June 21, 2012. A total of 2,345,000 units were sold under the offering, for gross proceeds of $234,500. Each unit consists of one common share of the Company and one non-transferable common share purchase warrant, with each warrant entitling the holder to purchase one additional common share of the Company for a period of two years from the closing date at the exercise price of $0.15 per common share. In connection with the offering, the Company paid finders' fees in the aggregate amount of $13,760. The units were sold pursuant to various exemptions from the prospectus and registration requirements of applicable securities laws, and in Canada are subject to a four-month hold period expiring December 31, 2012.
ON BEHALF OF THE BOARD OF DIRECTORS
Randy Saunders CEO and Director
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.
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Contact
Bonaparte Resources Inc. Randy Saunders, CEO (604) 484-8750 (604) 599-0222 (FAX) info@bonaparteresources.ca www.bonaparteresources.ca
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VANCOUVER, Aug. 31, 2012 - Bonaparte Resources Inc. (TSX VENTURE:BON) ("Bonaparte" or the "Company") announced today that it has closed the private placement previously announced on June 21, 2012. A total of 2,345,000 units were sold under the offering, for gross proceeds of $234,500. Each unit consists of one common share of the Company and one non-transferable common share purchase warrant, with each warrant entitling the holder to purchase one additional common share of the Company for a period of two years from the closing date at the exercise price of $0.15 per common share. In connection with the offering, the Company paid finders' fees in the aggregate amount of $13,760. The units were sold pursuant to various exemptions from the prospectus and registration requirements of applicable securities laws, and in Canada are subject to a four-month hold period expiring December 31, 2012.
