By Devika Patel
Knoxville, Tenn., Sept. 19 - Ressources Minieres Pro-Or Inc. said it is once more amending the terms of a C$1.08 million private placement of units that was previously amended on Aug. 11. The deal priced on July 9 for C$1.1 million.
The company now will sell 2.7 million units at C$0.40 apiece. Each unit consists of one class A share and one warrant, with each warrant exercisable at C$0.60 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 one class A share and one warrant
|
| Amount: | C$1.08 million
|
| Units: | 2.7 million
|
| Price: | C$0.40
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.60
|
| Pricing date: | July 9
|
| Amended: | Aug. 11, Sept. 19
|
| 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.
