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Bralorne Gold Mines Ltd

Published : May 07th, 2009

ARRANGES NON-BROKERED PRIVATE PLACEMENT

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Keywords :   Gold | Gold Mines | Market |
 

 

TSX Venture:  BPM
OTCBB:  BPMSF
Frankfurt/Berlin:
GV7 /WKN A0B75M

52-week range     $0.35 - $1.30
Shares Outstanding 16,464,711

Investor Relations: 604.682.3701

 
BRALORNE ARRANGES NON-BROKERED
PRIVATE PLACEMENT


Bralorne Gold Mines Ltd. (the �Company�) has arranged a non-brokered private placement of up to 2,000,000 units consisting of 500,000 common share units at a price of $0.95 per unit, 1,000,000 flow through shares at a price of $1.10 per share, and 500,000 �Super� flow through shares at a price of $1.20 per share.

The 500,000 common shares units consist of one common share and one non-transferable share purchase warrant (�warrant�).  Each warrant will entitle the investor to purchase one additional common share at an exercise price of $1.25 per share for a period of 18 months from the date of closing.

The flow-through and Super flow-through shares will entitle the investor to the tax benefits of the qualifying Canadian exploration expenses incurred by the Company, which will be �flowed-through� to the investor.
The agent will receive from the Company a compensation options equal to 2% of the number of shares under this private placement at a price of $1.25 per share for a period of 18 months.

The Company will pay finders� fee equal to 6% of the proceeds of this financing in accordance with TSX Venture Exchange Policy.  In addition a compensation options equal to 8% of the units placed under this financing will be granted at a price of 1.25 per option for a period of 18 months.

The net proceeds of the offerings will be used for additional exploration and development work on the Company's mining properties and for general working capital requirements. The above transactions will be subject to regulatory approval.


For further information, please contact:

Bill Kocken, President and Director
Johnathon Smith, IRO



ON BEHALF OF THE BOARD

�William Kocken�
___________________________________
 William Kocken,
  President



The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.


This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

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Bralorne Gold Mines Ltd

EXPLORATION STAGE
CODE : BPM.V
ISIN : CA1050411075
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Bralorne Gold is a gold producing company based in Canada.

Its main exploration property is BRALORNE MINE in Canada.

Bralorne Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.6 millions as of today (US$ 4.9 millions, € 3.9 millions).

Its stock quote reached its highest recent level on December 30, 2005 at CA$ 3.10, and its lowest recent point on October 03, 2014 at CA$ 0.14.

Bralorne Gold has 28 510 000 shares outstanding.

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Annual reports of Bralorne Gold Mines Ltd
2008 Annual report
Annual Report 2007
Financings of Bralorne Gold Mines Ltd
5/24/2013Announces Cancellation of Convertible Debenture Financing
10/1/2009MGI securities brokered private placement 1st & 2nd closings
6/23/2009Closes $391,465 Non-brokered private placement
Option Grants of Bralorne Gold Mines Ltd
3/18/2013Announces Investor Relations Services Agreement
Project news of Bralorne Gold Mines Ltd
6/14/20111st month results from gold production
5/4/2011(Bralorne Mine)Starts 2011 Exploration Program
1/24/2011(Bralorne Mine)MILL PERMIT DRAFT RECEIVED
10/22/2009 2009 diamond drilling program commences to expand BK zone
6/10/2009(Bralorne Mine)Increases NI 43-101 resources to 77,750 ounces of Gold
2/9/2009(Bralorne Mine)DRILL RESULTS SHOW EXTENSIONS TO THE BK AND ALHAMBRA VEIN SY...
6/3/2008(Bralorne Mine)METALLURGICAL TESTING CONFIRMS BRALORNE'S MILL; IDEAL FOR PR...
12/31/2006(Bralorne Mine)2006 Technical report
Corporate news of Bralorne Gold Mines Ltd
10/17/2013Announces Results of Adjourned Annual General and Special Me...
10/9/2013Signs New 2014 Gold Concentrate Sales Contract
9/9/2013Surface Operations Resume at Bralorne
7/19/2013Operation Suspended
5/31/2013.: BCSC Notice of Hearing
4/24/2013Announces Convertible Debenture Financing of Up to $7.5 Mill...
4/16/2013Development Drift Results Show 63.6 Metres Grading 59 g/t Go...
3/25/2013.: Drifting on New Vein Discovery Averages 40.6 g/t Gold Ove...
11/8/2012.: BCSC Technical Disclosure Review
10/17/2012PEA Demonstrates a NPV of $6.4 Million for the Bralorne Oper...
10/1/2012Intersects 385.57 g/t Gold Over 1.2m at BK-3 Zone
4/4/2011Canada's Next Gold Producer - Bralorne Gold Mines Ltd. - BPM...
3/4/2011BRALORNE MOVES FORWARD TO START MILLING
8/16/2010Adjourned Annual General & Special Meeting to Friday, Septem...
10/7/2009recieves permit to mine the 51B and Taylor Zone
11/25/2008 RECEIVES PERMIT FOR DEVELOPMENT ON "UPPER BK VEIN"
9/17/2008News Release
1/8/2008Investor Digest
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TSX-V (BPM.V)FRANKFURT (GV7.F)
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