Batero Gold Corp. Announces Increase to
Previous Bought Deal Private Placement Equity Financing
Batero Gold Corp. ("Batero" or the "Company") (TSX-V: BAT) is pleased to announce that, in
connection with its previously announced private placement unit offering (the
"Offering") led by Canaccord Genuity Corp. (the "Underwriter"), it has
increased the size of the Offering from C$6,300,000 to C$7,245,000.
The Company intends to use the net proceeds raised under the Offering for
exploration of the Batero-Quinchia Gold Project,
Colombia and for general working capital purposes.
The Offering is scheduled to close on or about November 24, 2011 and is subject
to certain conditions including, but not limited to, receipt of all required
regulatory approvals. The securities issued by Batero
in connection with this Offering are subject to a four month "hold
period" as prescribed by the TSX Venture Exchange and applicable
This news release does not constitute an offer to sell or a solicitation of an
offer to buy 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 such registration is available.
ON BEHALF OF THE BOARD OF
BATERO GOLD CORP.
President & CEO