VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2012) - Galore Resources Inc. (News - Market indicators) announces a non-brokered private placement of up to 1,000,000 units at a price of $0.10 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable into one additional common share at a price of $0.20 per share for a period of one year from the date of closing of the financing.
The proceeds of the offering will be used for a further exploration on the Company's gold projects in Mexico, and for general working capital. The private placement is subject to acceptance by the TSX Venture Exchange.
Uwe Schmidt, President
Cautionary Note Regarding Forward-Looking Information: The Company expressly warns readers not to rely on the information herein for investment or other related purposes. Accordingly, any use of this information is at your own risk and without liability to the company. The information contained herein is not, and under no circumstances is to be construed as either a public or a private offer or solicitation to purchase securities in the capital stock of Galore Resources Inc. The reader is referred to his/her professional investment advisor regarding investment or related decisions respecting the securities of the company. No securities commission or similar regulatory authority has passed on the merits of or reviewed the information contained herein.