Bridgeport Ventures Inc.
TSX VENTURE : BPV

Bridgeport Ventures Inc.

November 25, 2009 16:08 ET

Bridgeport Ventures Inc. Announces Private Placement Financing Increase

TORONTO, ONTARIO--(Marketwire - Nov. 25, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Bridgeport Ventures Inc. (TSX VENTURE:BPV) ("Bridgeport" or the "Company") is pleased to announce that it has increased the size of its previously announced non-brokered private placement, such that Bridgeport now proposes to issue up to an aggregate of 12,800,000 units ("Units") at a price of $1.00 per Unit to raise aggregate gross proceeds of up to $12,800,000. All other terms of the offering remain the same as set forth in the previous press release of the Company dated November 11, 2009.

The private placement remains subject to the approval of the TSX Venture Exchange.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Bridgeport, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with mining activities, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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

  • Bridgeport Ventures Inc.
    Mr. Hugh Snyder
    Chairman
    (416) 350-2356