Edmonton, AB-September 1, 2017-Bandera Gold Ltd. (‘Bandera’) (TSXV:BGL) announced today that it has closed the first tranche of its non-brokered private placement for proceeds of $80,000. The first tranche of the private placement consisted of the issuance of 1,600,000 units with each unit consisting of one common share and a half-warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.08 per share on or before August 31, 2019.
Insiders of Bandera subscribed for a total of 1,140,000 units on the first tranche of the private placement.
The securities issued pursuant to the first tranche of the private placement have a hold period expiring January 1, 2018.
On Behalf of the Board,
For further information please contact:
Peter Gommerud, CEO (780) 465-4129
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.