GREY:BKMNF - Post by User
Post by
eztwo1on May 06, 2010 2:25pm
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Post# 17070596
Maybe results from this release?
Maybe results from this release?Irregular trading is a grave concern...BML apparently recognized that and gave this release...long ago.... Are the results going to be published? Is this what we can expect?
For Immediate Release BM-08-136
Barker Minerals Announces Flow-throughFinancing
Prince George, B.C., December 30, 2008 –Barker MineralsLtd. (“BML” on TSX/V) (the
“Company”) announced today a non-brokeredprivate placement of 820,000 common share flow-through
units(the “FTUnits”) at a price of
.10 per FT Unit for gross proceeds of$82,000.
EachFT Unit will consist of one Common Share issued on a flow-through basis(the “FT Share”) and one
non-flow-through common share purchasewarrant (a “Warrant”) of the company. Each Warrant will
entitle theholder to acquire one Common Share at a price of
.10 per share for aperiod of twenty four
months following the Closing. Insiders areexpected to acquire all of the FT Units.
The proceeds received fromthe sale of the FT Units will be used to fund work programs onthecompany’s
properties.
Legal Action to be Filed
The Companyalso reports that the Board of Directors has authorized the commencement
of legalproceedings against certain persons making defamatory commentsin Internet stock forums, which
may be related to irregulartrading activity being tracked by the Company. The legal action isexpected to
be filed in early 2009.