By Sheri Kasprzak
New York, June 29 - Franc-Or Resources Corp. settled a C$1,285,000 private placement.
The company sold 5.14 million units at C$0.25 each on a non-brokered basis.
The units consist of one share and one half-share warrant. The whole warrants are exercisable at C$0.30 each through June 30, 2008.
Proceeds will be used for exploration on the company's Mario property in Peru and for work requirements.
Franc-Or is a mineral exploration company.
| Issuer: | Franc-Or Resources Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1,285,000
|
| Units: | 5.14 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | June 30, 2008
|
| Warrant strike price: | C$0.30
|
| Placement agent: | Non-brokered
|
| Settlement date: | June 29
|
| Stock symbol: | Toronto: FOR
|
| Stock price: | C$0.235 at close June 29
|
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