BE Resources Closes $467,500 Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE,
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR
IN PART, IN OR INTO THE UNITED STATES. 


BE Resources Inc. (TSX VENTURE:BER) ("BER" or the "Company") announces that on
August 1 2013 it closed a non-brokered private placement (the "Private
Placement") of 9,350,000 units at a price of $0.05 per unit, for gross proceeds
of $467,500. Each unit is comprised of one common share (a "Common Share") in
the capital of the Company and one Common Share purchase warrant (a "Warrant").
Each Warrant entitles the holder to purchase one Common Share for a period of
five years from the date of issuance of the Warrant at an exercise price of
$0.10 per Common Share.


The Company intends to use the proceeds of the Private Placement for general
corporate and working capital purposes. The Private Placement is subject to
final approval by the TSX Venture Exchange.


All securities issued in connection with the Private Placement will be subject
to a U.S. one year hold period. In the event the Company completes a previously
announced redomiciling from a Colorado corporation to an Ontario corporation,
the applicable hold period may be reduced to four months.


The securities offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements.


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.


FORWARD LOOKING STATEMENTS: This news release may contain forward-looking
statements, which relate to future events or future performance and reflect
management's current expectations and assumptions. Such forward-looking
statements reflect management's current beliefs and are based on assumptions
made by and information currently available to the Company. Investors are
cautioned that these forward looking statements are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future
results to differ materially from those expected. These forward-looking
statements are made as of the date hereof and, except as required under
applicable securities legislation, the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. All of the
forward-looking statements made in this press release are qualified by these
cautionary statements and by those made in our filings with SEDAR in Canada
(available at www.sedar.com).


FOR FURTHER INFORMATION PLEASE CONTACT: 
BE Resources Inc.
Carmelo Marrelli
Chief Financial Officer
416-361-0737
carm@marrellisupport.ca


BE Resources Inc.
36 Toronto Street, Suite 1000
Toronto ON, M5C 2C5, Canada
www.beresources.ca

BE Resources Inc. (TSXV:BER)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024