Batero Gold Corp.
TSX VENTURE : BAT

Batero Gold Corp.

September 30, 2010 17:32 ET

Batero Announces Increased Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2010) - Batero Gold Corp. (TSX VENTURE:BAT) (the "Company") announces that the private placement (the "Offering") announced in its press release dated September 24, 2010 has been increased to raise an additional $750,000 by the issuance of 468,750 units at $1.60 each on a non-brokered basis. As previously disclosed, each unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to subscribe for one additional common share for a period of 24 months from the closing of the Offering at an exercise price of $2.35. No finder's fees or commissions will paid in connection with any portion of the Offering conducted on a non-brokered basis.

All other terms of the Offering remain as outlined in the Company's press released dated September 24, 2010. The Offering remains subject to regulatory approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

ON BEHALF OF THE BOARD OF BATERO GOLD CORP.

BRANDON ROOK
President & CEO

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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

Contact Information

  • Batero Gold Corp.
    Brandon Rook
    President & CEO
    (604) 568-6378
    (604) 568-6834 (FAX)