Britannica Resources Corp.
TSX VENTURE : BRR

Britannica Resources Corp.

December 10, 2007 09:35 ET

Britannica Closes Financing

VAL D'OR, QUEBEC--(Marketwire - Dec. 10, 2007) - Britannica Resources Corp. (TSX VENTURE:BRR) is pleased to announce that it has closed the non-brokered flow through financing announced on November 26, 2007.

Britannica has closed 2,100,000 flow-through units at $0.30 cents per unit for gross proceeds of $630,000. Each unit consists of one flow-through share and one-half of one common share purchase warrant, each whole warrant entitling the purchaser to purchase one additional non-flow through common share at an exercise price of $0.40 for two years. There is a four-month hold period on the flow-through shares expiring on April 8, 2008.

The proceeds from the flow-through financing will be used for exploration on the Company's Quebec properties.

ON BEHALF OF THE BOARD

Jeffrey A. Cocks, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Britannica Resources Corp.
    Jeffrey A. Cocks
    President
    Toll Free: 1-866-552-1929 or (819) 825-9311
    (819) 825-1199 (FAX)
    Email: info@brrgold.com
    Website: www.brrgold.com