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Source: Bond Resources
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  • Bond Resources (BJB) has arranged a non-brokered private placement of up to $1,000,000
  • The company will issue up to 16,666,667 units at a price of $0.06 per unit
  • Proceeds will be allocated to drilling expenses at the Mary K Mine Project in Idaho
  • Bond Resources is a mineral resource company
  • Bond Resources Inc. (BJB) opened trading at C$0.07 per share

Bond Resources (BJB) has arranged a non-brokered private placement of up to $1,000,000.

The company will issue up to 16,666,667 units at a price of $0.06 per unit. Each unit will include one common share and one half common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $0.12 per share for a period of 2 years. The warrants are subject to an acceleration clause.

Bond Resources may pay finders’ fees in accordance with the policies of the Canadian Securities Exchange. 

The proceeds of the private placement will be allocated to drilling expenses at the Mary K Mine Project and general working capital.

Bond Resources is a mineral resource company that holds the contractual rights to acquire the Mary K mine in the Elk City mining district of Idaho. The company will focus on near-term production and rediscovery at the high-grade historic mine.

Bond Resources Inc. (BJB) opened trading at C$0.07 per share.

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