April 16, 2009
Calgary, Alberta: Boxxer Gold Corp. (TSX-V:BXX) (“Boxxer” or the “Corporation”) today announced it has closed a fourth tranche of the non-brokered private placement of the $510,000 financing previously announced on February 17, 2009. Boxxer issued 5,000,000 Units at $0.03 per Unit for gross proceeds of $150,000. Combined with the first three tranches, the total gross proceeds raised to date from all four tranches of the Private Placement is $426,450 (14,215,000 Units). Boxxer anticipates that one final closing will take place in the near future.
Each Unit consists of one common share in the share capital of Boxxer (“Common Share”) and one-half of a Common Share purchase warrant (“Warrant”). Each whole Warrant shall be exercisable for 18 months from the date of issuance into one Common Share at a price of $0.10 per Common Share. Proceeds of the private placement will be used for the drilling program on the Boss Property in Nevada and working capital.
A finder’s fee totaling $12,000, and finder’s warrants totalling 500,000 was paid to Union Securities Ltd. and Raymond James Ltd. for their participation in this private placement. Each finder’s warrant is exercisable for 18 months from the date of issuance at $0.10 into one Common Share and one-half of a Warrant. These securities were issued with a four-month hold period expiring on October 16, 2009.
For more information, please contact:
Boxxer Gold Corp.
Elmer B. Stewart
President & Chief Executive Officer
Tel:1-403-264-4811
e-mail: elmerbstewart@hotmail.com
Boxxer Gold Corp.
Colin Christensen
Vice-President
Tel: 1-403-264-4811
Fax: 1-403-237-6292
e-mail: colin@boxxergold.com
CHF Investor Relations
Alison Tullis
Senior Account Manager
Tel: 1-416-868-1079 ext. 233
Fax: 1-416-868-6198
e-mail: alison@chfir.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws. |
