TORONTO, ONTARIO, Oct 06, 2011 (MARKETWIRE via COMTEX) Honey Badger Exploration Inc. (" Honey Badger " or your "Company") /quotes/zigman/516736 CA:TUF +42.86% announces the actual termination associated with it has the flow-through personal location providing (the "Offering") with investments with the Company. Total gross proceeds acquired amounted to $1,402,000 for that Offering. Of this particular total, $902,000 seemed to be gotten as part of the other along with last tranche.
The Company paid costs amassing $35,000 and supplied 350,000 non-transferable pay out options, together with each and every these kinds of selection entitling this dish in order to attain one Unit in the tariff of $0.10 per Unit for a period connected with twenty four many weeks adhering to closing.
All securities issued pursuant towards the Offering tend to be at the mercy of a minimal interval of four months and something morning on the time frame involving issuance. The Offering can be foreclosures invoice with last approval on the TSX Venture Exchange.
The Company intends to be able to principally utilize the cash in the Offering in order to additional search hobbies about it is Radisson property inside Northern Quebec.
About Honey Badger Exploration Inc.
Honey Badger Exploration is a rare metal in addition to foundation metals exploration company headquartered with Toronto, Ontario, Canada. The Company's common gives you industry for the TSX Venture Exchange beneath the particular symbolic representation "TUF".
Administration
A overall of 1,875,000 stock options were released to directors, officials in addition to consultants on the Company about October 5, 2011 under that phrases in the incentive share option plan in the Company archived with all the TSX Venture Exchange and sanctioned by way of shareholders at the last Annual General Meeting involving Shareholders of the Company stored on June 23, 2011. Of this total, 910,000 share had been released to insiders in the Company. All in the share solutions released will be exercisable at the price of $0.10 per write about and expire on October 5, 2016. Any stock shares released pursuant towards physical exercise with commodity will often be at the mercy of some sort of some month as well as one day maintain from the time frame with according on the stock options.
For additional information, please visit our webpage from http://w.honeybadgerexp.com .
This News Release contains forward-looking statements. Forward-looking transactions will be phrases which in turn relate to long term events. In many cases, you are able to discover forward-looking phrases by means of language this kind of while "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or perhaps the particular negative of those conditions and also other same terminology. These phrases are usually merely prophecies along with need known and also unknown risks, uncertainties and other components that could cause your as well as each of our industry's precise results, ranges associated with activity, functionality or successes to get materially different from every future results, quantities connected with activity, functionality and also accomplishments spoken to or even implied by means of these kind of forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is outlined in the plans belonging to the TSX Venture Exchange) accepts accountability to the adequacy or even exactness of this release.
Contacts: Honey Badger Exploration Inc. Brent Nykoliation Vice President regarding Business Development (416) 364-7029 (416) 364-2753 (FAX) bnykoliation@HoneyBadgerexp.com Honey Badger Exploration Inc. Kirk McKinnon President & CEO (416) 364-7029 (416) 364-2753 (FAX) http://w.honeybadgerexp.comSOURCE: Honey Badger Exploration Inc.
mailto:bnykoliation@HoneyBadgerexp.com http://w.honeybadgerexp.com
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