|
Britannica Resources Corp. |
Val d’Or, Quebec J9P 2H1 Tel : 819
825-9311 Fax : |
TSX Venture SYMBOL:
November
28, 2009
Britannica Completes Financing
Britannica Resources Corp. (Britannica or the “Company”; BRR – TSX Venture)
is pleased to announce it has closed (see news
release September 15, 2009.) a non-brokered private placement of 6,800,000 units
(the “Units”) at $0.05 per Unit for gross proceeds of $340,000.00
Each Unit consists
of one common share and one common share purchase warrant. Each whole share purchase warrant will be
exercisable at a price of $0.10 per share until for a period of one year from
the date of closing. There is a four-month hold period on the Units,
expiring on March 28, 2010.
The proceeds from the financing will be used
for general working capital requirements and exploration on the Company
McKenzie Break
At the
McKenzie Break project, blasting and excavation of the decline portal entrance
is complete. Rock bolting
and screening of the portal walls has begun. Construction of surface buildings,
compressor and genset installations are also underway.
Please
visit Britannica Resources Corp. new corporate web site (www.brrgold.com ) for more information about
the Company.
ON BEHALF OF THE
BOARD
“Jeffrey A. Cocks”
Jeffrey A. Cocks
President
FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp.
(TEL)- (819) 825-9311, (FAX)-(819) 825-1199
Email: info@brrgold.com
Website: www.brrgold.com
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