Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 8, 2011) –
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Bonaparte Resources Inc. (TSX VENTURE:BON) (“Bonaparte” or the “Company”) is pleased to announce a non-brokered, private placement of up to 1,000,000 common shares of the Company’s stock at $0.20 per share for estimated gross proceeds of up to $200,000. The offering will be conducted on a best-efforts basis and is expected to close by December 15, 2011. The Company only plans to offer the shares to residents in British Columbia and in such other jurisdictions where the shares may be sold. The offering is subject to TSX Venture Exchange and other regulatory approvals.
The shares will be sold pursuant to various exemptions from the prospectus and registration requirements of applicable securities laws, and in Canada will be subject to a four-month hold period. Proceeds from the offering will be used for general working capital.
Any finders’ fees or commissions paid by the Company will be paid in accordance with the policies of the Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
Randy Saunders, CEO and Director
CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of Bonaparte are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Bonaparte are those risks described herein and from time to time, in the filings made by Bonaparte with Canadian securities regulators. Those filings can be found on the Internet at http://www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
