Pro-Or Closes First Tranche of Private Placement
December 27 2013 - 2:03PM
Marketwired
Pro-Or Closes First Tranche of Private Placement
An amount of $800,000 has been received with the balance to be
announced in the coming days
MONTREAL, QUEBEC--(Marketwired - Dec 27, 2013) - Ressources
Minières Pro-Or (TSX-VENTURE:POI), which operates a recovery plant
for platinum group metals, is pleased to announce that it has
closed a first tranche of the $3 million private placement for an
amount of $800,000. As previously disclosed in the press release of
December 23, 2013 the placement is directed at qualified investors
and is offered in Units of one common share at $0.10 cents and one
three-year warrant at $0,20.
Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
About Pro-Or
Pro-Or operates an industrial prototype plant for the recovery
of Platinum Group Elements (Platinum, Palladium and Rhodium or
PGMs). The plant is located near Quebec City in
St-Augustin-de-Desmaures. Its patented process yields more than 97%
recoveries of PGMs, and is not only much less capital extensive but
also operates much more rapidly than conventional plants thus
dramatically lowering the amount of time that its customers capital
is tied up as work-in-process inventory. Pro-Or's mission is to
sustainably recover precious metals by the recycling of end-of-life
PGM containing components while meeting global "green" standards
for the automobile industry.
Pro-Or also holds the mineral rights to six mining properties
and has focused its exploration activities on the Menarik property
in the James Bay area, in the Province of Quebec, the site of a
major chromite deposit with occurrences of gold, nickel, copper and
platinum group metals (PGMs). The operation of Pro-Or's patented
and proprietary processes to such deposits may lead to a
breakthrough in low cost primary mining metallurgy in the near
future.
Sylvain Boulanger, P.Eng.President & CEOinfo@pro-or.com(514)
506-9121Nicole Blanchard, Managing PartnerSun International
Communicationsnicole.blanchard@isuncomm.com(450) 973-6600Christine
YoungVice President, Institutional SalesEuro Pacific Canada
Inc.christine.young@europac.ca(416) 479-8690