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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 Closes Second Tranche of Private Placement

03/07/2014 9:00pm

Marketwired Canada


Bowmore Exploration Ltd. (TSX VENTURE:BOW)(FRANKFURT:0B5) ("Bowmore" or the
"Company") has closed the second $105,000 tranche of a non-brokered flow-through
private placement (the "Placement") with Canadian investors. Total placement was
$375,000 by way of the issuance of 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 of the second tranche thereof to purchase one non-flow-through common
share of Bowmore at a price of $0.20 each until December 29, 2015.


The Company paid a finder's fee (a) in cash of $2,097. (representing 6% of gross
proceeds in respect of the subscriptions placed by finders) and (b) of 13,980
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 29,
2015.


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


All securities issued pursuant to the second tranche of the Placement are
subject to a four month hold period expiring on October 30, 2014.


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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