Pacific Booker upsizes private placement to $12 million

Pacific Booker Minerals Inc. has announced an increased private placement financing of approximately $12.0 million, up from the previously announced $10.0 million. The company plans to sell up to 5,128,206 units, each consisting of one common share and one warrant. The warrants allow holders to purchase one common share at $2.75 per share for 36 months from the closing date.

The net proceeds from the offering will be used to advance the Morrison project and for general corporate purposes. The closing of the offering is subject to certain conditions, including conditional approval from the TSX Venture Exchange. Securities issued under the offering will be subject to a four-month and one-day statutory hold period and a six-month contractual lock-up period for subscribers.

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