Bullion River Gold Corp.
of Reno said last week it hopes to raise $2 million through the sale of units composed of one restricted common share and a warrant that can be exercised at $1.50 a share for two years.
The company's stock was trading in the range of $1.20 to $1.25 last week.
Bullion River says proceeds of the offering will be used for working capital and property payments.
Separately, Bullion River said it appointed Victor Bradley of Santa Barbara, Calif., to its board of directors.
Bradley is a chartered accountant and has been a director or officer of more than 11 mineral exploration companies.
