Listing (TSXV = LO Frankfurt = LE2A)
ROUYN-NORANDA, QC,
Jan. 4, 2013 /CNW Telbec/ -
LOUNOR EXPLORATION INC. is pleased to announce that
it has closed a private placement for a total amount of CDN
$31,000.
The placement consists in 93,000 common shares
at a price of $0.05 per share
representing $4,650 and 439,166
flow-through shares at a price of $0.06 per share representing $26,350. Each share is accompanied of one share
purchase warrant that gives the right to subscribe for one common
share of the Company at a price of $0.10 per share, valid for a period of 24 months
after the date of closing.
The securities that will be issued at the
closing of this private placement will be subject to a hold period
of four months and one day from closing. This placement is subject
to the approval of the regulatory authorities.
About Lounor Exploration
Lounor Exploration Inc. is a Canadian-based
natural resources company with mineral holdings in Ontario and Quebec and is currently focused on exploration
in the Abitibi Greenstone Belt. The belt is found in both provinces
of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of
180,000,000 ounces of gold, 450,000,000 tonnes of base metal ore
over the last 100 years. The Company is headquartered in
Quebec.
LOUNOR EXPLORATION INC. is a publicly
traded company on the TSX-Venture (TSXV-LO) and on the Frankfurt
Exchange (LE2A).
This press release was prepared by Lounor
Exploration Inc. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This document may contain forward-looking
statements relating to Lounor's operations or to the environment in
which it operates. Such statements are based on operations,
estimates, forecasts and projections. They are not guarantees of
future performance and involve risks and uncertainties that are
difficult to predict and may be beyond Lounor's control. A number
of important factors could cause actual outcomes and results to
differ materially from those expressed in forward-looking
statements, including those set forth in other public filling. In
addition, such statements relate to the date on which they are
made. Consequently, undue reliance should not be placed on such
forward-looking statements. Lounor disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
save and except as may be required by applicable securities
laws.
SOURCE LOUNOR EXPLORATION INC.