Boxxer Closes First Tranche of Private Placement
NEWS RELEASE
FOR IMMEDIATE RELEASE – February 9, 2010
Boxxer Closes First Tranche of Private Placement
Calgary, Alberta: Boxxer Gold Corp. (TSX-V:BXX) (“Boxxer” or the “Corporation”) today announced it has closed the first tranche its non-brokered private placement of up to $1,000,000, previously announced on January 27, 2010.
Boxxer issued 2,088,000 Units at $0.10 per Unit for gross proceeds of $208,800. Each Unit consisted of one common share in the share capital of Boxxer (“Common Share”) and one-half of a Common Share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one (1) common share in the share capital of the Corporation (a “Warrant Share”) at a price of $0.12 prior to the date that is six (6) months from the date of the issuance of the Units (the “First Exercise Period”), and at a price of $0.15 at any time after the First Exercise Period and prior to the date that is twelve (12) months from the date of issuance of the Units. These securities were issued with a four month hold period expiring on June 5, 2010. Additional closings will take place in the near future. No finder’s fee was paid on this portion of the financing.
The proceeds of the Offering will be used primarily for the exploration of the Boss and Crystal Pass projects in Nevada, as well as for general working capital purposes.
| Boxxer Gold Corp | Boxxer Gold Corp | CHF Investor Relations |
| Elmer B. Stewart President & Chief Executive Officer Tel: 1-403-264-4811 Cel: 1-403-680-9584 e-mail: [email protected] | John L. Maslanyk Vice President & Chief Information Officer Tel: 1-403-804-2251 Toll Free:1-888-479-3696 e-mail:[email protected] | Alison Tullis Senior Account Manager Tel: 1-416-868-1079 ext. 233 Fax: 1-416-868-6198 e-mail: [email protected] |
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.