Bolero Resources Corp.
TSX VENTURE : BRU

Bolero Resources Corp.

April 09, 2010 16:03 ET

Bolero Raises Additional $201,000 in Flow-Through

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 9, 2010) - BOLERO RESOURCES CORP. ("Bolero" or the "Company") (TSX VENTURE:BRU) is raising additional gross proceeds of $201,000 by way of a non-brokered private placement. The financing will consist of approximately 574,286 flow-through common shares at a price of $0.35 with a full non flow-through warrant at $0.50 for two years.

Finders' fees may be payable. Finders will receive 5% cash and a 2 year non flow-through warrant equal to 5% of the number of units subscribed for at an exercise price of $0.50 per warrant. The closing of the private placement will be subject to certain conditions, including approval of the TSX Ventures Exchange, and a trading restriction on the securities of four months from the date of issuance.

Bolero Resources Corp. is a Canada-based Molybdenum, Gold, and Rare Earth Element mineral development and exploration company. Our primary assets include: 100% interest in the Cannivan Gulch Molybdenum property located in Montana, USA; A 100% interest in twelve strategic claims in the Red Chris area of north-western BC, contiguous to Imperial Metals Corp (III.V); 100% interest in 43 mineral claims prospective for Rare Earth's covering approximately 16,072 hectares, contiguous to Spectrum Mining Corporation in Northern BC; A 50% interest in the Arcadia Gold property, a 1,280 hectare area of Inuit-owned land located in Canada's Nunavut territory; and 11 mining claims covering approximately 4,583 hectares directly tied on to the recent Gold discovery by (BGM.V) Barkerville Gold Mines Ltd. The Company is listed on the TSX-Venture Exchange under the symbol BRU, as well as the Frankfurt Exchange under U7N1. For more information, please visit www.boleroresources.ca.

On behalf of the Board of Directors

R. Bruce Duncan

President & CEO

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contact Information