News Article
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| BGL-TSXV December 29, 2006 BANDERA INCREASES FINANCING TO $1,870,000 Bandera Gold Ltd. (?Bandera?) announced today that it has increased its non-brokered private placement and received subscriptions for 1,700,000 units of Bandera at a price of $1.10 per unit, for proceeds of $1,870,000. Each unit will consist of one common share and a half warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $1.25 per share for a period of one year from closing of the private placement. The financing is subject to regulatory approval including the approval of the TSX Venture Exchange. Finders Fees will be paid on the private placement in accordance with the policies of the Exchange and applicable securities laws. The net proceeds of the private placement will be used for exploration and development of Bandera?s Cinco Minas and Gran Cabrera properties. On Behalf of the Board Kelvin Williams CEO For further information please contact: Kelvin Williams, CEO (780) 465-4129 THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. |
