VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 15, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S.
Bryant Resources Inc. (CNSX:BYR) ("Bryant" or the "Company") has negotiated a $500,000 financing for natural gas opportunities. The Company will undertake a non-brokered private placement of up to 2 million units at a price of 25 cents per unit. Each unit will be comprised of one common share and one half transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company for a period of two years from the closing date at an exercise price of 50 cents per share.
The common shares underlying the units and any common shares acquired on exercise of the warrants will be subject to resale restrictions in accordance with applicable securities legislation. The proceeds from the private placement will be used for general working capital and to identify and assess natural gas projects that may be suitable acquisition targets for the Company. No finder's fees are expected to be paid in connection with this private placement.
For further information regarding Bryant, see Bryant's disclosure documents on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of Bryant,
David Doherty, President & CEO
Forward Looking Statements: This news release contains certain forward looking information concerning the business of the Company. These forward looking statements are based on the opinions of management at the date the statements are made and are based on assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events to differ materially from those projected in forward looking statements.
The Company is under no obligation to update forward looking statements if circumstances or management's opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward looking statements.
The CNSX does not accept responsibility for the adequacy or accuracy of this release.