 | 
| |
News Releases are added to our web site immediately upon release to the general public. If you would like to receive news releases via e-mail or fax, please fill out our Request More Info form.
| | October 27, 2006
Closing Of Brokered And Non-Brokered Private Placement
|
| | NOT FOR DISSEMMINATION IN THE UNITED STATES OR VIA US NEWSWIRE SERVICES
Vancouver, B.C., October 27, 2006 -- BlueRock Resources Ltd. (TSX-V:BRD) (the "Company") announces that, further to its news release of September 25, 2006, it has closed its financing comprised of both a brokered and non-brokered private placement and issued an aggregate 5,556,000 units ("Units") at a price of $0.45 per Unit for gross proceeds of $2,500,200. Each Unit consists of one common share ("Share") and one share purchase warrant ("Warrant"). Each Warrant is exercisable for a period of two years at a price of $0.70 per share. 4,026,000 Units were sold pursuant to the brokered portion; and the balance of 1,530,000 Units were sold pursuant to the non-brokered portion.
Pacific International Securities Inc. acted as agent for the brokered private placement (the "Agent"). The Agent received an 8% commission, paid as $46,910.25 in cash and 216,235 Units. In addition the Agent received 400,600 Agent's compensation options, each entitling the holder to acquire one common share of the Company at a price of $0.50 per share for a period of two years from the date of issuance and a $15,000 corporate finance fee.
With respect to the non-brokered private placement, the Company paid $12,000 and issued an aggregate 88,800 common shares as finder's fees.
All securities issued with respect to the private placement are subject to a hold period expiring February 28, 2007.
The proceeds of this financing will be used primarily for exploration expenses on the Company's Skull Creek Uranium Project in Colorado, securing additional exploration projects through purchase and/or joint venture options, and for general working capital.
Bluerock Resources Ltd. is a uranium exploration company focused on discovering tomorrow's energy today through the acquisition and development of conventional uranium resources.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins
CEO, President and Director
For further information, please contact:
Michael Collins, President
Bluerock Resources Ltd.
350-580 Hornby St,
Vancouver BC, V6C 3B6
Telephone: (604) 687-2471
Facsimile: (604) 687-2472
Website: www.bluerockresources.com
Email: info@bluerockresources.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available. |
| |
| | You can view the Next News Releases item: Wed Nov 1, 2006, Bluerock Resources Ltd. Signs Option Agreement On La Sal West Project, San Juan County, Utah
You can view the Previous News Releases item: Mon Oct 16, 2006, Bluerock Resources Ltd. Moves Head Office
You can return to the main News Releases page, or press the Back button on your browser.
|
| | |
