Batero Gold Corp.

Batero Gold Corp.

June 18, 2012 07:45 ET

Batero Gold Announces Receipt for Final Prospectus for the Qualification of Units Underlying Previously Issued Special Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2012) -


Batero Gold Corp. ("the Company") (TSX VENTURE:BAT) is pleased to announce that it has obtained a receipt for its (final) short form prospectus filed in the Provinces of British Columbia, Alberta and Ontario.

The prospectus qualifies the distribution of 9,714,700 units (the "Units") of the Company issuable upon the automatic exercise of 9,714,700 previously issued special warrants (the "Special Warrants"). Each Unit consists of one common share (each, a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant entitles the holder to acquire one Common Share at a price of $0.90 per share until April 26, 2014. As previously announced, 9,114,700 of the Special Warrants were issued as part of a brokered private placement financing co-led by Raymond James Ltd. and Cormark Securities Inc. and 600,000 of the Special Warrants were issued on a non-brokered private placement basis on the same terms. The Special Warrants will be deemed to be exercised on June 25, 2012. The financing closed April 26, 2012 for total gross proceeds to the Company of $6,314,555.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.


Brandon Rook, President & CEO

Batero Gold Corp.

FORWARD-LOOKING STATEMENTS: Certain of the statements and information in this press release constitute "forward-looking statements" or "forward-looking information" Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the conversion of the Special Warrants and the issuance of the Common Shares and Warrants.

Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, the timing of the receipt of regulatory approvals required to complete the Offering and those referred to in the Company's Amended and Restated Management's Discussion and Analysis dated as of June 12, 2012 under the heading "Risk Factors". Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

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.

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