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BOW

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Share Name Share Symbol Market Type
TSXV:BOW TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Bowmore Arranges Private Placement

13/06/2014 10:58pm

Marketwired Canada


Bowmore Exploration Ltd. (TSX VENTURE:BOW) )(FRANKFURT:0B5)("Bowmore" or the
"Company") has arranged a non-brokered flow-through private placement (the
"Placement") with Canadian investors to raise up to $375,000 by way of the
issuance of up to 2,500,000 units (the "Units") at a price of $0.15 per Unit.
Each Unit is comprised of one flow-through common share and one-half of one
common share purchase warrant. Each whole warrant entitles the holder thereof to
purchase one non-flow-through common share of Bowmore at a price of $0.20 each
until December 13, 2015.


The Company may pay a finder's fee (a) in cash of 6% of gross proceeds in
respect of the subscriptions placed by finders and (b) of share purchase
warrants ("Finder's Warrants") representing 6% of the Units placed by finders,
with each Finder's Warrant entitling the holder thereof to purchase one common
share of Bowmore at a price of $0.15 each until December 13, 2015. 


Robert Wares, a director of the Company, and Paul Dumas, President, CEO and a
director of the Company, have subscribed for 1,000,000 Units and 66,667 Units
respectively. The Company will be relying upon the exemptions from the valuation
and minority shareholder approval requirements of Multilateral Instrument 61-101
contained in section 5.5(b) and 5.7(b), respectively, with respect to the
issuance of Units to the insiders. 


The gross proceeds raised from the Placement are to be used to incur Canadian
exploration expenses on the Company's Newfoundland-based properties.


About BOWMORE 

BOWMORE is a Canadian exploration mining company focused on precious metal
exploration in Canada and Mexico. The Company trades on the TSX Venture Exchange
under the symbol "BOW".


For further information on BOWMORE, visit www.bowmorexploration.com. 

Neither 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Paul Dumas
President & CEO
BOWMORE Exploration Ltd.
(514) 861-4441
info@bowmorexploration.com


Christina Lalli
Corporate Communications
BOWMORE Exploration Ltd.
(514) 865-8223
clalli@bowmorexploration.com
www.bowmorexploration.com

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