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| | November 25, 2005
Bluerock Resources Ltd. Announces a Non-brokered Private Placement
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| | Vancouver, November 25, 2005 -- Bluerock Resources Ltd. (BRD -- TSX Venture) announces a non-brokered private placement to issue a maximum of 1,300,000 units to raise up to C$260,000.
Each unit will be priced at $0.20 per unit and will consist of one common share and one nontransferable share purchase warrant. The warrant attached to the unit will entitle the holder to purchase one additional common share, exercisable for 18 months from the closing date, at a price of $0.30.
A finder's fee of 5% cash and 6% broker warrants may be payable on a portion of the financing to registered dealers who assist in the placement. The broker warrants will have the same terms as the unit warrants. The net proceeds from the financing will be used primarily for exploration expenses on the Company's properties and general working capital.
This private placement is subject to regulatory approval.
Bluerock Resources Ltd. is a uranium focused junior exploration company with significant
Base Metal and Gold properties in British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS
"Michael Collins"
Michael Collins
President
Bluerock Resources Ltd.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release |
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| | You can view the Next News Releases item: Tue Jan 10, 2006, Private Placement approved by the TSX Venture Exchange
You can view the Previous News Releases item: Tue Nov 1, 2005, Bluerock Resources Ltd. Moves Head Office and Grants Options to Board and Officers
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