Mr. Thomas Yingling reports
BERKWOOD RESOURCES LTD. PRIVATE PLACEMENT
($352,641.96 HARD DOLLARS)
Berkwood Resources Ltd. has received conditional
approval from the TSX Venture Exchange to close its private placement of $352,641.96 and will issue
3,918,244 units at nine cents per unit. Each unit comprises one common share and one warrant, with each whole warrant
exercisable into one common share at a price of 15 cents for a period of two years from closing. All securities will be
subject to a four-month-plus-one-day hold period from closing.
Proceeds of the private placement will be used to develop Berkwood Resources' properties located in Quebec as well as for working
capital.
The issuance of the securities is subject to the final approval of the TSX-V.
We seek Safe Harbor.
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