Bullman Closes Equity Financing for Gross Proceeds of $210,000
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Vancouver, British Columbia / TNW-ACCESSWIRE / January 5, 2015 / Bullman Minerals Inc. (TSX-V: BUL) announces further to its News Release dated December 11, 2014 that it has received conditional acceptance from the TSX Venture Exchange and has closed its equity financing for gross proceeds of $210,000 (the balance $210,000 was not received).
In accordance with the provisions of the Subscription Agreements received, on January 5, 2015 the Company issued a total of 1,400,000 Units at $0.15 per Unit, each Unit consisting of one common share and one-half (1/2) share purchase warrant, each whole warrant entitling the holder to purchase one (1) additional common share at $0.30 per share on or before January 4, 2017.
All of these shares, including any shares issued on exercise of the warrants, will be subject to a hold period under applicable Canadian securities laws expiring on May 6, 2015, and will be subject to such further restrictions on resale as may apply under applicable foreign securities laws.
Proceeds will be used for general working capital.
ON BEHALF OF THE BOARD
SIGNED: "Peter Yue"
Peter Yue, CEO and Director
Contact: Peter Yue (604) 336-8618
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
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