Brakpan Closes Non Brokered Private Placement
January 12, 2017, Vancouver, British Columbia, Canada: Brakpan Ventures Corp. (the “Company” or “Brakpan”) is pleased to announce that further to its news release dated December 19, 2016, the Company has closed the non- brokered private placement for a total of 6,999,980 units (the “Units”) of the Company at a price of $0.05 per Unit for gross proceeds of $349,999 (the “Private Placement”). Each Unit consists of one (1) common share (the “Common Share”) and one (1) transferable common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one (1) additional Common Share of the Company at a price of $0.05 on or before January 12, 2022.
The securities issued are subject to a four (4) month hold period that expires on May 13, 2017.
Gross proceeds raised from the sale of the Units will be used for property maintenance, new property investigations and for general corporate purposes.
On behalf of:
BRAKPAN VENTURES CORP.
Eugene Beukman, President
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 forward- looking 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.