News Article
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| BGL-TSXV January 4, 2007 BANDERA GOLD COMPLETES PRIVATE PLACEMENT Bandera Gold Ltd. announces that it has completed the previously announced private placement of 1,700,000 Units at a price of $1.10 per Unit, for total proceeds of $1,870,000.00. Each Unit consists of one common share and one-half of a share purchase warrant; each full warrant will entitle the holder to purchase one common share at a price of $1.25 per share, expiring January 4, 2008. The net proceeds of this placement will be used to fund exploration and development expenditures on the Corporation?s Cinco Minas and Gran Cabrera mineral properties. In connection with this placement the Corporation will pay finder?s fees of $ 106,761.60. The securities issued in this placement are subject to a hold period expiring May 5, 2007. On Behalf of the Board Kelvin Williams CEO For further information please contact: Kelvin Williams, President (780) 465-4129 |
