Breakwater Resources Ltd.

TSX: BWR, BWR.WT.A

Mar 17, 2010 08:14 ET
TORONTO, ONTARIO–(Marketwire – March 17, 2010) –

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Breakwater Resources Ltd. (“Breakwater”) (TSX:BWR)(TSX:BWR.WT.A) announces that it has entered into an agreement with Cormark Securities Inc. (“Cormark”) and Dundee Securities Corporation (“Dundee”) in respect of a “bought-deal” private placement financing of “flow-through” shares. The private placement will consist of 11,112,000 flow-through common shares at a price of $0.45 per flow-through share for gross proceeds of approximately $5.0 million.

The private placement is being co-led on a bought-deal basis by Cormark and Dundee as underwriters. The underwriters will receive a cash commission equal to 5.0% of the aggregate gross proceeds from the financing. The closing date is expected to be on or about April 1, 2010.

Read the rest of this article on marketwire.

For more information, please contact

Breakwater Resources Ltd.
Ann Wilkinson
Vice-President, Investor Relations
(416) 363-4798 Ext. 277

Privacy Statement |© 2010 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK)

Trend Analysis
Get the most recent Trend Analysis on Breakwater Resources Ltd. by following this link :
Marketclub – Breakwater Resources Ltd. Trend Analysis Marketclub - Breakwater Resources Ltd. Trend Analysis (What’s this?)

Breakwater Resources Announces Bought Deal Flow-Through Private Placement

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.