By Devika Patel
Knoxville, Tenn., Aug. 11 - Ressources Minieres Pro-Or Inc. said it is amending the terms and the amount of a private placement of units that priced July 9. The company will now sell C$1.08 million of units, decreased from C$1.1 million in units.
The company now will sell units at C$5,400.00 apiece. Each unit consists of 12,000 class A shares, valued at C$0.45 each, and 12,000 warrants.
It had planned to sell up to 200 units at C$5,500.00 apiece. Each unit would have consisted of 10,000 class A shares, valued at C$0.55 each, and 10,000 warrants.
Each warrant will be exercisable at C$0.70, decreased from 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 12,000 class A shares and 12,000 warrants
|
| Amount: | C$1.08 million
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| Price: | C$5,400.00
|
| Warrants: | 12,000 warrants per unit
|
| Warrant expiration: | One year
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| Warrant strike price: | C$0.70
|
| Pricing date: | July 9
|
| Amended: | Aug. 11
|
| Stock symbol: | TSX Venture: POI
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| Stock price: | C$0.54 at close July 8
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