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Ressources Minieres Pro-Or Inc.: Closing of the Private Placement
Published : June 03, 2011
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MONTREAL, QUEBEC--(Marketwire - June 3, 2011) - Ressources Minières Pro-Or Inc. (News - Market indicators) announces that it has closed its Private Placement on May 31st, 2011 for an amount of $ 1,720,000. This placement was completed with "Accredited Investors" and was offered in units of $2,000 each. The units were made up of i) ten thousand common Class "A" treasury shares at a price of $0.20 per share, and: ii) 10,000 common class « A » share purchase warrants with an exercise price of $0.40 per share good for a period of twelve months following the closing of the placement. The warrants will be subject to an Accelerator Clause by which the warrant expiry date can be shortened at the choice of the Corporation if the share price closes on the Exchange at $0.65 or more for a period of more than twenty (20) consecutive trading days. In such a case, the new expiry date will be presumed to be the thirtieth days following the formal written notification by the Corporation. This notice cannot be issued during the first four (4) months following the placement close which corresponds to the regulatory hold period that affects all Private Placements.

The Private Placement proceeds will be for the Corporation working capital requirements.

The shares issued under the terms of this placement are subject to a regulatory hold period of four (4) months.

There were fees payables under this placement to: FIN-XO VALEURS MOBILIÈRES INC. 800, René-Lévesque Ouest in Montréal ( Qc ) H3B 1X9  for an amount of $ 9,840. The placement is subject to regulatory approvals.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Pierre Gevry, President
st-jacques@qc.aira.com
(514) 849-7336
(514) 849-9260 (FAX)
www.pro-or.com

Pro-Or Resources Inc.

CODE : POI.V
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Pro-Or Res. is a gold and copper exploration company based in Canada.

Pro-Or Res. holds various exploration projects in Canada.

Its main exploration properties are TAVERNIER PROPERTY, TAVERNIER and MENARIK in Canada.

Pro-Or Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.9 millions as of today (US$ 1.4 millions, € 1.3 millions).

Its stock quote reached its highest recent level on December 31, 2003 at CA$ 1.80, and its lowest recent point on February 10, 2017 at CA$ 0.01.

Pro-Or Res. has 9 400 000 shares outstanding.

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Financings of Pro-Or Resources Inc.
9/24/2013Issues an Update on the Current Private Placement
6/3/2013Confirms Extension of Warrants
5/29/2013Announces Warrant Extension by One Year
3/22/2013Closes $800,000 Private Placement
2/22/2013Ressources minieres Pro-Or Inc.: Private Placement of $800 0...
1/7/2013Closes $250 000 Private Placement
6/3/2011Ressources Minieres Pro-Or Inc.: Closing of the Private Plac...
5/10/2011Ressources Minieres Pro-Or Inc.: $2,000,000 Private Placemen...
Option Grants of Pro-Or Resources Inc.
4/2/2013Signs an Investor Relations Contract With Sun International ...
Corporate news of Pro-Or Resources Inc.
9/18/2013Interview With Pro-Or Inc. CEO Sylvain Boulanger Published o...
9/11/2013Issues a Corporate Update
7/10/2013Announces a $2.3 Million Private Placement
6/26/2013Announces Positive Economics for its Proposed Commercial Pla...
6/10/2013Grants Stock Options
4/23/2013Awards Pre-Feasibility Study Contract to Seneca for its Comm...
10/12/2012Announces Plant Upgrade to Commercial Production Facility
9/21/2012Signed a New Licensing Agreement with its South African Part...
4/14/2011Ressources Minieres Pro-Or inc.: Unaware of Any Material Cha...
4/1/2011Ressources Minières Pro-Or inc.: New Engineer For The St-Agu...
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