Bowmore Exploration Announces Private Placement

MONTRÉAL, QUÉBEC–(Marketwired – March 17, 2016) – BOWMORE Exploration Ltd. (the “Company” or “Bowmore”) (TSX VENTURE:BOW)(FRANKFURT:0B5) is pleased to announce that it has negotiated, subject to regulatory approval, a non-brokered private placement (the “Private Placement”) for total gross proceeds of up to $750,000 (the “Private Placement”). The Private Placement will consist of up to 5,000,000 units (the “Units”) at a price of $0.07 per Unit, each Unit consisting of one common share to be issued and one-half of one common share purchase warrant, and up to 4,000,000 flow-through units (the “Flow-through Units”) at a price of $0.10 per Flow-through Unit, each Flow-through unit is comprised of one flow-through common share and one-half common share purchase warrant. Each whole Warrant (of the “Units”) will entitle the holder to acquire one common share of the Company for a period of twenty four (24) months at an exercise price of $0.15 for the first twelve months and $0.20 thereafter per share.

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