Balmoral Resources closes private placement of flow-through common shares

September 15, 2017

On September 15, 2017, Balmoral Resources Ltd. (TSX: BAR) announced that it had closed its previously announced national flow-through private placement with agents PI Financial Corp. and Canaccord Genuity Corp., having issued 5,720,000 national flow-through common shares for gross proceeds of approximately $4.1 million.

Balmoral Resources is a Canadian-based company actively delineating and expanding the high-grade Bug Gold Trend on its wholly owned, 700 square kilometre Detour Gold Trend Project in Quebec.

Miller Thomson advised the agents with respect to this financing with a team that included Dwight Dee and Erika Lai (securities) and Andrew Etcovitch and Nathalie Marchand (tax), assisted by student-at-law Shawn Lestage.