BHK Resources Inc announced that it has received CAD 3.23 million in funding.
On January 20, 2015, the company announced that it has amended the terms of the transaction. The company will now issue 16,000,000 shares for gross proceeds of CAD 3,200,000 in the transaction. The transaction will close on January 22, 2015.
On January 26, 2015, BHK Resources Inc closed the transaction. The company issued 16,135,000 common shares for gross proceeds of CAD 3,227,000. TSX Venture Exchange accepted for filing documentation with respect to the transaction. The transaction involved participation from 30 placees including professional group participation from Gord Medland for 42,000 common shares. Canaccord Genuity Corp. received a cash commission of CAD 155,430, a financial advisory fee of CAD 35,000, CAD 20,000 per month for a maximum of two months and a work fee of CAD 3,000. Canaccord Genuity Corp. was also issued 325,000 common shares as a corporate finance fee. An aggregate of 777,150 agent's warrants were issued, where 549,920 agent's warrants were issued to Canaccord Genuity Corp., 150,000 agent's warrants were issued to Haywood Securities Inc., 70,480 agent's warrants were issued to GMP Securities LP., and 6,750 agent's warrants were issued to Leede Financial Markets Inc. Each agent's warrant is exercisable into one common share of the company at CAD 0.20 per share until January 23, 2017. The securities issued are subject to a four month hold period expiring on May 24, 2015.