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Pro-Or Closes $250 000 Private Placement


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© Marketwire 2013
2013-01-07 19:38:36 -

MONTREAL, QUEBEC -- (Marketwire) -- 01/07/13 -- 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.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release


Contacts:

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)



Press Information:




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