News Article
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| Bandera Gold Ltd. (?Bandera?) announced today that it has closed the third and final tranche of its non-brokered private placement of 15,000,000 units of Bandera at a price of $0.10 per unit. The third tranche consisted of the issuance of 3,978,000 units, for proceeds of $397,800. Each unit consisted of one common share and a half warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.20 per share on or before June 12, 2010. The securities issued pursuant to the third tranche of the private placement have a hold period expiring October 13, 2009. Finder?s fees of $5,680 are to be paid on the third tranche of the private placement. On Behalf of the Board Kelvin Williams President and CEO For further information please contact: Kelvin Williams, President and CEO (780) 465-4129 Web: www.banderagold.com Or Micro Cap et al, Investor Relations at: (877) 642-7622 E mail: info@microcapetal.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Information provided herein contains forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Bandera at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Bandera that actual results achieved will be the same in whole or in part as those indicated in the forward-looking statements. |
