Vancouver, Canada, Oct 21, 2014 - (ABN Newswire) - Balmoral Resources Ltd. (TSE:BAR) (OTCMKTS:BALMF) ("Balmoral" or the "Company") reported that it has received a total of $2,006,373 from the exercise of warrants which expired October 17, 2014. An additional 470,588 warrants, held by a single subscriber, are eligible to be exercised on, or before, October 30, 2014 at a strike price of $0.75.
The Company currently has a cash balance of approximately $7.1 million and working capital (which includes short term tax recoveries and publically traded shares) of approximately $7.7 million. Balmoral currently has 103,710,933 shares issued and outstanding. The Company announced a bought deal, flow-through private placement to raise an additional $10.3 million on October 15, 2014 (see NR14-25).
About Balmoral Resources Ltd. - www.balmoralresources.com
Balmoral is a Canadian-based discovery company focused on high-grade gold and nickel discoveries on its wholly owned, 700 square kilometre Detour Trend Project in Quebec, Canada. With a philosophy of creating value through the drill bit and a focus on proven productive precious/base metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and definition of high-grade, Canadian gold and base metal assets.
About Balmoral Resources Ltd:
Balmoral Resources Ltd. (TSE:BAR) (OTCMKTS:BALMF) is a Vancouver-based precious metal exploration and development company focused on delineation of both high-grade gold and nickel-copper-PGE discoveries on its wholly owned Detour Gold Trend Project located in Quebec, Canada. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through the discovery and definition of high-grade gold and base metal assets.
Contact:
Balmoral Resources Ltd
Investor Relations
John Toporowski, Manager
T: +1-604-638-5815
F: +1-604-648-8809
E: jtoporowski@balmoralresources.com
WWW: www.balmoralresources.com
Source:
Balmoral Resources Ltd
Copyright (C) 2014 ABN Newswire. All rights reserved.
© 2024 Canjex Publishing Ltd. All rights reserved.