Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Ressources minieres Pro-Or Inc.: Private Placement of $800 000


Print article Print article
© Marketwire 2013
2013-02-22 15:01:38 -

MONTREAL, QUEBEC -- (Marketwire) -- 02/22/13 -- Ressources Minieres Pro-Or Inc. (POI) (TSX VENTURE:POI) announce that it is currently completing a private placement for up to $800 000. This private placement will be completed with "Accredited Investors" and is being offered in units of $5,000 as follows:



--  50,000 Class "A" shares at a price of $0.10 per share and; 
--  50,000 warrants to purchase Class (A) shares of the Company at $0.15 for
    a 12 month period. The warrants will be subject to an Accelerator Clause
    by which the warrant expiry date can be shortened at the discretion of
    the Corporation if the share price closes on the Exchange at $0.25 or
    more for a period of more than twenty (20) consecutive trading days. In
    such case, the new expiry date will become the thirtieth day following a
    formal written notification by the Corporation. This notice cannot be
    issued during the first four (4) month following the closing of this
    placement which corresponds to the regulatory hold period that affects
    all Private Placements.



The Private Placement proceeds will be used productions purposes at St-Augustin plant, for related activities, and for the working capital of the Corporation.


Shares issued pursuant to the offering will be subject to a four-month hold period.


No finders' fee will be payable on the transaction, which is subject to regulatory approval.


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)

at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid= .. width="1" height="1" alt=" " border="0" />



Press Information:




Contact Person:


Disclaimer: (c) 2014 Market Wire. All of the press releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Market Wire's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com