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Honey Badger Announces Closing of Flow-Through Private Placement
Published : December 19, 2012
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Keywords :   Canada | Gold | Market |

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2012) - Honey Badger Exploration Inc. ("Honey Badger" or the "Company") (News - Market indicators) announces the closing of a non-brokered private placement offering (the "Offering") of securities of the Company for total gross proceeds of $200,000. 

Pursuant to the Offering, the Company issued an aggregate of 4,000,000 units (the "Units") at a price of $0.05 per Unit. Each Unit is comprised of one flow-through common share and one non-flow through common share purchase warrant. Each full warrant entitles the holder to purchase one common share of the Company for $0.12 per share and expires 18 months from the date of closing. 

The Company paid fees totaling $15,500 and issued 260,000 non-transferable compensation options, with each such option entitling the holder to acquire one Unit at a price of $0.05 per Unit for a period of 18 months following closing.

In addition, as per the Radisson Property agreement, the Company issued 396,000 non-flow through shares to Eastmain Resources Inc.

All securities issued pursuant to the Offering are subject to a restricted period of four months and one day from the date of issuance. The Offering is subject to receipt of final approval from the TSX Venture Exchange.

The Company intends to primarily use the proceeds of the Offering to further exploration activities on its Radisson property in Northern Quebec.

About Honey Badger Exploration Inc.

Honey Badger Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "TUF". For more information, please visit our website at www.honeybadgerexp.com.

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.



Honey Badger Exploration Inc.
Brent Nykoliation
Vice President of Business Development
(416) 364-4029
(416) 364-2753 (FAX)
bnykoliation@honeybadgerexp.com
or
Honey Badger Exploration Inc.
Kirk McKinnon
Chairman and CEO
(416) 364-4029
(416) 364-2753 (FAX)
or
Honey Badger Exploration Inc.
Quentin Yarie
President and COO
(416) 364-4029
(416) 364-2753 (FAX)
www.honeybadgerexp.com
Companies Mentionned : Honey Badger | Metals X | Total |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Honey Badger Exploration Inc.

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CODE : TUF.V
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Honey Badger is an exploration silver and gold company based in Canada.

Honey Badger holds various exploration projects in Canada.

Its main exploration properties are BUCKSKIN NORTH, BLACKJACK PROPERTY and ROULETTE PROPERTY in USA and LIMONITE CREEK, STEALTH and WARM SPRINGS in Canada.

Honey Badger is listed in Canada. Its market capitalisation is CA$ 1.3 millions as of today (US$ 966 842, € 867 354).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.20, and its lowest recent point on November 13, 2015 at CA$ 0.01.

Honey Badger has 42 056 737 shares outstanding.

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Annual reports of Honey Badger Exploration Inc.
2007 Annual Report
Financings of Honey Badger Exploration Inc.
12/19/2012Announces Closing of Flow-Through Private Placement
Nominations of Honey Badger Exploration Inc.
9/24/2013Appoints New Chairman of the Board and Officers
9/13/2013Announces Resignation of President and CEO
2/11/2008Announces Appointment of New Management and Directors
Project news of Honey Badger Exploration Inc.
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9/29/2010(Blackjack Property)and Entree Gold Provide Exploration Update
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3/22/2013Begins Drilling Gold Targets on Radisson
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12/6/2010and Entr=C3=A9e Gold Identify New Copp
8/26/2009Finalizes Agreement with Entrée Gold
5/2/2006$1 million financing closes
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