By Susanna Moon
Chicago, June 28 - Ressources Minieres Pro-Or Inc. said it completed a C$1.2 million private placement of shares.
The company placed 1.5 million of class A shares, of which 1.2 million are flow-through, and 1.5 million warrants. Warrants are exercisable at C$1.10 until June 26, 2008.
Proceeds from the flow-through shares will be used for exploration on the Menarik property and proceeds from the class A shares will be sued for working capital, the company said in a press release.
The shares are subject to a four-month hold period.
Pro-Or is a mining and exploration company based in Montreal.
Issuer Ressources Minieres Pro-Or Inc.
| Issue: | Shares; flow-through shares (for 1.2 million)
|
| Amount: | C$1.2 million
|
| Shares: | 1.5 million
|
| Warrants: | 1.5 million
|
| Warrant expiration: | June 26, 2008
|
| Warrant strike price: | C$1.10
|
| Settlement date: | June 28
|
| Stock symbol: | Toronto: POI
|
| Stock price: | C$0.70 at close June 27
|
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