Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Bard Ventures Ltd.
NEWS RELEASE Bard Ventures Ltd.
Suite 800 – 1199 West Hastings Street Vancouver, B.C., V6E 3T5 Tel: 604 687 2038 Fax: 604 687 3141
Frankfurt Exchange: BVU May 9, 2011 TSX Venture Symbol: CBS
BARD VENTURES LTD. - CLOSES 2nd TRANCHE OF FINANCING
Vancouver, BC, Canada –Bard Ventures Ltd. (“Bard”) is pleased to announce that on May 5, 2011 it closed the second tranche of the non-brokered private placement for 2,975,000 units at $0.08 per unit (the “Units”), (previously announced by news release dated March 14, 2011) for gross proceeds to Bard of $238,000. Each Unit is comprised of one (1) common share and one (1) transferable common share purchase warrant. Each common share purchase warrant entitles the holder thereof to acquire one (1) common share in Bard at a per share price of $0.12 on or before May 5, 2013.
In addition, the Company paid a Finder’s Fee of cash ($1,600) equal to 8% of the gross proceeds raised from the sale of 250,000 Units, and issued a Finder’s Fee of 20,000 non-transferable share purchase warrants equal to 8% from the sale of 250,000 Units. The Finder’s non-transferable warrants will have the same terms as those above.
The issued securities are subject to a four (4) month hold period which expires on September 6, 2011.
On behalf of:
Bard Ventures Ltd.
“Eugene Beukman”
Eugene Beukman, President
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For further information please visit our website at www.bardventures.com
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forwardlooking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.