Balmoral Closes $3 Million Bought Deal Financing

Balmoral Resources (OTCQX: BALMF; TSX-V: BAR) has closed its previously announced bought deal private placement offering involving the issuance of 2,000,000 flow-through common shares of the Company at a price of $1.52 per flow-through common share for aggregate gross proceeds of $3,040,000. The issue price represents a 67% premium to the March 12, 2012 closing price of Balmoral’s common shares on the TSX Venture Exchange.

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