Berkley Renewables Announces Private Placement
16 Noviembre 2012 - 6:00PM
Marketwired Canada
Berkley Renewables Inc. (CNSX:BKS)(FRANKFURT:WKN 871666)(BERLIN:WKN 871666)
("Berkley" or the "Company") is pleased to announce a non-brokered private
placement consisting of up to 1,500,000 units (the "Units") at a price of $0.10
per Unit for gross proceeds of up to $150,000. Each Unit consists of one common
share and one-half of one common share purchase warrant (the "Warrant"). Each
whole Warrant will entitle the holder thereof to purchase one additional common
share (the "Warrant Shares") of the Company at a price of $0.20 per Warrant
Share for a period of two years following the close of the private placement.
Proceeds arising from the sale of the Units will be used for general working
capital purposes.
Berkley Renewables Inc. is a growth-oriented oil and gas issuer pursuing
renewable energy opportunities, primarily in the solar energy sector.
ON BEHALF OF THE BOARD
Matt Wayrynen, President and Chief Executive Officer
This release may contain statements that are considered as forward-looking
statements and are subject to various risks and uncertainties concerning the
specific factors disclosed under the heading "Risk Factors" and elsewhere in the
Company's periodic filings with Canadian securities regulators. Such information
contained herein represents management's best judgment as of the date hereof
based on information currently available. The Company does not assume the
obligation to update any forward-looking statement. This press release does not
constitute an offer to sell, nor is it a solicitation of an offer to buy,
securities.
FOR FURTHER INFORMATION PLEASE CONTACT:
Berkley Renewables Inc.
Matt Wayrynen
604.682.3701
604.682.3600 (FAX)
info@berkleyrenewables.com
www.berkleyrenewables.com
Berkley Renewables (CSE:BKS)
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