Batero Gold Corp V.BAT

Alternate Symbol(s): BELDF

Metals & Mining Gold

Batero Gold Corp. is a Canada-based precious and base metals advanced exploration company. The Company is engaged in the exploration and development of mineral property interests in Colombia. The Company is in the process of exploring and evaluating its exploration and evaluation assets. It focuses on developing the La Cumbre Gold Project in Risaralda, Colombia. La Cumbre is located within the Company's 100% owned Batero-Quinchia Gold Project. The Batero-Quinchia Gold Project encompasses multiple porphyry gold target centers. The Batero-Quinchia Project is located within the Municipality of Quinchia, Department of Risaralda, Republic of Colombia, approximately 55 kilometers (km) to the north of the regional capital, Pereira. The property consists of approximately 1,407 hectares (ha) tenement. Its new exploration drilling discovery at Matecana, located approximately 800 meters southeast of La Cumbre porphyry.

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Batero Gold Corp

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Post by oakarboron Apr 12, 2012 11:49am

273 Views

Post# 19785919

news on the financing deal

a little complicated for me but it seems that the coversion price on the warrants is
.90 for 24 months. I'm not sure as there is something about
.65 in there as well. Maybe getting common share at
.65 and an atttached warrant to buy additiona share at
.90? comments? Also seems to be a " best efforts" financing by underwriters, meaning they are NOT buying the deal on a committed basis and re offering.

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