By Devika Patel
Knoxville, Tenn., July 9 - Ressources Minieres Pro-Or Inc. said it is proceeding with a C$1.1 million private placement of units.
The company will sell up to 200 units at C$5,500.00 apiece. Each unit consists of 10,000 class A shares, valued at C$0.55 each, and 10,000 warrants. Each warrant will be exercisable at C$0.80 for one year.
Proceeds will be used for working capital and particularly for the St-Augustin's Plant operations.
Pro-Or is a mining and exploration company based in Montreal.
| Issuer: | Ressources Minieres Pro-Or Inc.
|
| Issue: | Units of 10,000 class A shares and 10,000 warrants
|
| Amount: | C$1.1 million
|
| Units: | 200
|
| Price: | C$5,500.00
|
| Warrants: | 10,000 warrants per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.80
|
| Pricing date: | July 9
|
| Stock symbol: | TSX Venture: POI
|
| Stock price: | C$0.54 at close July 8
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
