Explor Resources Inc.

Published : January 05th, 2015

Explor Closes a Private Placement for an Amount of CDN $315,000

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Diamond | Gold |

Explor Closes a Private Placement for an Amount of CDN $315,000

ROUYN-NORANDA, CANADA--(Marketwired - Jan 5, 2015) - Explor Resources Inc. ("Explor" or the "Corporation") (TSX VENTURE:EXS)(EXSFF)(E1H1.F)(E1H1.BE) is pleased to announce that it has closed on December 29, 2014, a private placement of CDN$315,000, in connection with the agreement with Teck Resources Limited.

The private placement consists of the subscription of 3,500,000 units at a price of Cdn$0.09 per unit for a total amount of CDN$315,000. Each unit is composed of one common share and one half (1/2) of a share purchase warrant (the "Warrant"). Each whole warrant gives the right to subscribe for one common share of the Corporation at a price of $0.10 per share, for a period of 12 months and at a price of $0.15 per share for an additional period of 12 months.

The securities issued pursuant to the Private Placement are subject to a hold period of four months and a day from the date of closing. This Private Placement is subject to the final approval of the TSX Venture Exchange.

Christian Dupont P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This press release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

The Property

The Timmins Porcupine West Gold Property consists of 185 unpatented mining units and 3 patented claims located in the Bristol and Ogden Townships in the Timmins-Porcupine Mining Camp for a total 3,200 hectares. The property is contiguous with Lakeshore Gold West Timmins Mine. Highway 101 bisects the property and provides access from the city of Timmins located 13 km to the east.

The Property has been explored since 1927 by numerous ground geophysical surveys and Diamond drilling of up to 111 holes. In 1984, Dome Exploration discovered and delineated a gold mineralized zone that was approximately 350 meters long and 45 meters wide and open below 350 meters of vertical depth. Following Explor's exploration program, the strike length of the gold mineralization was increased to greater than 2000 meters. The continuity of mineralization continued to be confirmed, and the structure remained open at depth below 600 meters. Explor intersected gold mineralization in 113 out of 118 holes drilled and 64 out of 65 wedges.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:

Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)

Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:

Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

This document may contain forward-looking statements relating to Explor's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Read the rest of the article at finance.yahoo.com

Explor Resources Inc.

EXPLORATION STAGE
CODE : EXS.V
ISIN : CA30215D2086
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Explor Resources is a gold and copper exploration company based in Canada.

Explor Resources holds various exploration projects in Canada.

Its main exploration properties are MONTROSE, DESTOR, EASTFORD LAKE, KIDD TOWNSHIP, SAUVE, GOLDEN HARKER, EAST BAY, OPAWICA, LAUNAY, CARNEGIE, NELLIGAN, TIMMINS PORCUPINE WEST and PG-101 in Canada.

Explor Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 4.4 millions as of today (US$ 3.4 millions, € 3.0 millions).

Its stock quote reached its highest recent level on March 05, 2010 at CA$ 8.10, and its lowest recent point on June 07, 2019 at CA$ 0.02.

Explor Resources has 146 770 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Explor Resources Inc.
6/13/2013Closes a Private Placement of $750,000
2/19/2013Closes a Private Placement of $1,600,000
Option Grants of Explor Resources Inc.
3/13/2013Hires European Investor Relations Firm
7/14/2011Continues With Investor Relations Firm
1/31/2011Grants Stock Options
1/28/2010Grants 2,650,000 Stock Options at $ 0,92
4/7/2008(angl) Grants 1,800,000 Stock Options at $ 0,30
2/19/2008Amendment : increase of Stock options plan to 6,759,986
Nominations of Explor Resources Inc.
7/2/2013Appoints Jonathan Challis to the Board of Directors
Project news of Explor Resources Inc.
9/24/2013(Timmins Porcupine West)Intersects 3.23 g/tonne Au Over 6.0 Meters on Timmins Porcup...
8/13/2013(Timmins Porcupine West)Intersects 5.10 g/tonne Au Over 4.5 Meters on Timmins Porcup...
5/30/2013Resource Update
4/2/2013(Timmins Porcupine West)Intersects 6.90 g/tonne Au Over 6.5 Meters on Timmins Porcup...
1/10/2013(Timmins Porcupine West)To Begin 10,000 Meter Diamond Drill Program On Timmins Porcu...
10/25/2012CORRECTION FROM SOURCE: Explor Resources News Release
10/25/2012(Timmins Porcupine West)Intersects 6.14 g/tonne Au Over 4.50 Meters on Timmins Porcu...
9/26/2012(Timmins Porcupine West)Intersects North Limb of Syncline on Timmins Porcupine West
5/11/2011(Timmins Porcupine West)Intersects 8.12 g/tonne Au Over 15.3 Meters on Timmins Porcu...
3/22/2011(Timmins Porcupine West)Increases Timmins-Porcupine West Property
2/17/2011(Timmins Porcupine West)Intersects 135.04 G/Tonne AU Over 3.1 Meters on Timmins Porc...
2/4/2011(Eastford Lake)Eastford Lake Drill Program Update
1/10/2008(Eastford Lake) Begins Phase IV Exploration Program on Eastford Lake
Corporate news of Explor Resources Inc.
7/28/2016Explor Increases East Bay Property
7/5/2016Explor Closes a Private Placement of Unsecured Convertible D...
6/6/2016Explor increases Kidd Township Property
5/27/2016Explor Increases Ogden Property
5/17/2016Explor Announces Kidd Township Property Diamond Drilling Pro...
5/4/2016Explor Closed a Private Placement of Unsecured Convertible D...
4/20/2016Explor Issues Shares for Services to Agora
4/8/2016Explor Signs Memorandum of Understanding With First Nations
4/8/2016Explor Announces Ogden Property Diamond Drill Program
4/8/2016Explor Resources launches Agora online Marketing and Awarene...
1/14/2016Explor Board of Directors Approves the Restatement of Shareh...
1/14/2016Explor Board of Directors Approve Restatement of the Shareho...
11/4/2015EXPLOR ANNOUNCES START OF DIAMOND DRILL PROGRAM ON TIMMINS P...
11/4/2015Explor Closed a Private Placement of Unsecured Convertible D...
11/4/2015Explor announces a private placement of unsecured convertibl...
11/4/2015Explor Completes Drill Program in Duparquet on East Bay Gold...
11/3/2015Explor Closed a Private Placement of Unsecured Convertible D...
10/28/2015Explor Announces a Private Placement of Unsecured Convertibl...
10/19/2015Explor Announces Start of Diamond Drill Program on Timmins P...
10/6/2015Explor Completes Drill Program in Duparquet on East Bay Gold...
7/22/2015Explor Increases Kidd Township Property
4/21/2015Explor’s Timmins Porcupine West Update
4/21/2015Explor's Timmins Porcupine West Update
3/17/2015Explor Increases Kidd Township Property
2/18/2015Explor Adds European Representation To The Board
2/18/2015Explor Adds European Representation to the Board
2/10/2015Explor Announces the Closing of a Private Placement of Unsec...
1/5/2015Explor Closes A Private Placement For An Amount Of CDN $315,...
1/5/2015Explor Closes a Private Placement for an Amount of CDN $315,...
12/29/2014Explor Signs Option Agreement and Private Placement for the ...
12/29/2014IIROC Trading Resumption - EXS
12/29/2014Explor Signs Option Agreement and Private Placement for the ...
12/24/2014IIROC Trading Halt - EXS
12/23/2014Explor Acquires Ogden Claims
12/23/2014Explor Acquires Ogden Claims
12/22/2014Explor Resources Closes Transaction For The Sale Of The Ches...
12/22/2014Explor Resources Closes Transaction for the Sale of the Ches...
11/25/2014Explor Completes an Exploration Program on the Launay Nickel...
11/5/2014Explor Closes A First Tranche Of A Private Placement For An ...
11/5/2014Explor Closes a First Tranche of a Private Placement for an ...
12/20/2013News Release
12/18/2013News Release
12/7/2013News Release
11/14/2013News Release
10/22/2013News Release
10/22/2013Annual and Special Meeting
9/24/2013News Release
9/17/2013News Release
8/27/2013News Release
8/27/2013Reports NI 43-101 Resource Update: 609,000 Indicated Au oz; ...
7/10/2013News Release
7/8/2013News Release
7/2/2013News Release
6/4/2013Signs Memorandum of Understanding With First Nations
5/24/2013Hires Canadian Investor Relations Firm
5/22/2013News Release
4/16/2013News Release
4/10/2013News Release
4/2/2013News Release
3/15/2013News Release
3/13/2013News Release
2/20/2013News Release
2/19/2013News Release
1/18/2013News Release
10/25/2012News Release
9/26/2012News Release
7/7/2012Continues With Investor Relations Firm
6/6/2012News Release
5/15/2012News Release
5/1/2012News Release
4/23/2012News Release
4/17/2012News Release
4/5/2012News Release
3/27/2012News Release
3/15/2012News Release
3/13/2012News Release
3/8/2012News Release
2/23/2012News Release
2/14/2012News Release
1/18/2012News Release
12/20/2011News Release
12/9/2011News Release
12/9/2011News Release
12/5/2011Reports Initial NI 43-101 Resource / 127,000 Indicated Au oz...
10/14/2011News Release
10/13/2011News Release
10/6/2011News Release
9/23/2011News Release
8/30/2011News Release
8/25/2011News Release
8/17/2011News Release
8/3/2011News Release
7/6/2011(Timmins Porcupine West)to Host an Open Conference Call and Webconference to Discuss...
5/11/2011News Release
5/3/2011News Release
1/21/2008Increases East Bay Gold Property
1/9/2008 Acquires Moose Brook Copper Property
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (EXS.V)OTHER OTC (EXSFF)
0.030+0.00%0.025-13.79%
TSX-V
CA$ 0.030
12/27 10:18 -
0%
Prev close Open
0.030 0.025
Low High
0.025 0.030
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.030 -%
Volume 1 month var.
17,400 -%
24hGold TrendPower© : -40
Produces
Develops
Explores for Gold - Nickel - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 10/2/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
201950.00%0.040.02
2018-66.67%0.070.02
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 8.15-0.97%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 3.37+3.37%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.84+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.50-3.27%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.74+6.89%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.20-5.88%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 10.65-1.30%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.28-1.79%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.60+1.96%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 73.75+3.57%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+14.29%Trend Power :