Mr. Eugene Beukman reports
NON BROKERED PRIVATE PLACEMENT FINANCING
Bard Ventures Ltd. has arranged, subject to regulatory approval, a non-brokered private placement of up to four million units of the company at a price of five cents per unit for gross proceeds of up to $200,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the company at a price of eight cents for a period of two years from the closing date of the offering.
The use of proceeds will be used for general working capital purposes.
The closing is subject to receipt of all necessary regulatory and board approvals. The securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.
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