Barisan Gold Provides Terms of Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 1, 2015) - Further to the press release of September 30, 2015, Barisan Gold Corp. (TSX VENTURE:BG) wishes to provide details of the private placement.
Subject to TSX Venture Exchange approval, Barisan Gold will complete a non-brokered private placement of at approximately 25,000,000 units at a price of $0.02 per unit (the "Offering"), which was the share price at closing on September 29, 2015, the day before announcement of the transaction and private placement. Certain directors and officers have committed to purchase a significant portion of the Offering. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each common share purchase warrant will be exercisable for one common share at a price of $0.05 per common share for a period of two years from the date of issue. The net proceeds from the placement will be used by Barisan Gold to fund our Indonesian subsidiaries' expenses during the transaction period and for working capital purposes.
Neither 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.
To receive or stop receiving BG news via email, please email info@barisangold.com and state your preference in the subject line.
FOR FURTHER INFORMATION, visit the Company's website at www.barisangold.com.
About Barisan Gold Corporation
Barisan Gold (TSX VENTURE:BG) is a Canadian-based minerals exploration company listed on the TSX Venture Exchange under the symbol "BG". The Company is engaged in the exploration, acquisition and development of mineral properties in Indonesia. Barisan Gold currently owns and operates two gold and gold-copper properties in Indonesia's Aceh Province on the northern tip of Sumatra Island, namely the Barisan gold-copper porphyry belt and the Abong epithermal gold project. Barisan Gold currently has 45,161,183 shares outstanding.
