QUESNEL, BRITISH COLUMBIA--(Marketwired - May 9, 2014) - Mr. Peter Bernier reports that he has acquired 753,000 units ("Units") of Prosper Gold Corp. ("Prosper") at a price of $0.50 per Unit pursuant to a private placement of Prosper which closed on May 8, 2014 (the "Private Placement"). Each Unit consists of one common share of Prosper (a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable for one Share for a period of 36 months from the closing date at an exercise price of $0.75. Following the Private Placement, Mr. Peter Bernier will own and control approximately 12.9% of the 31,061,042 issued and outstanding Shares of Prosper (on a non-diluted basis).
Subject to compliance with applicable securities laws in respect of the resale of securities of Prosper, Mr. Peter Bernier may purchase, sell or acquire securities of Prosper in the future on the open market or in private transactions, depending on market conditions and other factors material to his investment decisions.
This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report"). For further information and to obtain a copy of the Early Warning Report filed in connection with the Private Placement, please see Prosper's profile on the SEDAR website at www.sedar.com.