Pro-Or Closes $250 000 Private Placement
January 07 2013 - 12:32PM
Marketwired Canada
Ressources Minieres Pro-Or Inc. (TSX VENTURE:POI) has completed the previously
announced private placement of units for a total amount of $250,000. Each unit
was priced at $5,000.
This private placement was addressed to qualified investors and implicated the
issuance of:
i. 1 600 000 Class A shares issued on a flow-through basis at $0.125
each;
ii. 400 000 Class A non-flow-through Class A shares at $0.125 each and;
iii. 1 000 000 Class A purchase warrants, each warrant shall entitle the
holder thereof to acquire one Class A share of the Issuer (on a non-
flow-through basis) at a price of $0.20 until the date which is twelve
(12) month following the Closing date.
The proceeds raised from the issuance of the Flow-Through Shares will be used to
incur exploration expenditures on Menarik Property in James Bay, Quebec.
Shares issued pursuant to the offering will be subject to a 120 days hold period.
Finder's fee will be payable on the transaction to:
Integral Wealth Securities Ltd: $8,000
The private placement was conditionally approved by the TSX.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sylvain Boulanger, President
g.m.st.jacques@gmail.com
(514) 849-7336
(514) 849-9260 (FAX)
www.pro-or.com
Renelle Roy, Executive Secretary
renelle@pro-or.com
(514)-849-7336
(514)-849-9260 (FAX)