TORONTO, June 3, 2019 /CNW/ - Orefinders Resources
Inc. ("Orefinders" or the "Company") (TSX.V: ORX) is pleased to
announce the commencement of an up to $500,000 non-brokered financing. The net proceeds
of this financing will be used for exploration and for a
recompilation of Orefinders' Knight Project's 31,900 metres of
drill core as well as for general working capital. The terms of
the financing are as follows:
- Hard Dollar Units are 5 cents and
include a common share plus one half warrant exercisable at
8 cents for 2 years.
- Flow Through Units are 6 cents
and include a common share plus one half warrant exercisable at
10 cents for 2 years.
Any accredited investors interested in participating in this
private placement should contact Stephen
Stewart whose email and phone information is listed on this
news release.
Completion of the financing remains subject to the approval of
the TSX Venture Exchange. The financing may include any combination
of Hard Dollar Units and Flow Through Units. All securities issued
pursuant to the Financing will be subject to a statutory four month
and one day hold period. Subscription agreements are available upon
request. The financing is only available to accredited
investors.
About Orefinders Resources Inc.
Orefinders is a Gold exploration and development company focused
exclusively within the Abitibi Greenstone Belt. The Company is
listed on the Toronto Venture Exchange under the symbol ORX.
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. Certain information in this press release may contain
forward-looking statements. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Orefinders' assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Orefinders. Additional information identifying risks
and uncertainties is contained in filings by Orefinders with
Canadian securities regulators, which filings are available under
Orefinders' profile at www.sedar.com.
SOURCE Orefinders Resources Inc.