VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2013) - Galore Resources Inc. (News - Market indicators) announces that it has closed its non-brokered private placement offering originally announced on Monday, December 17, 2012. The total number of Units sold in the Offering were 907,500 Units priced at $0.10 per unit.
Each unit (a "Unit") consists of one common share and one share purchase warrant ("Warrant"). Each Warrant is exercisable into one additional common share at a price of $0.20 per share for a period of one year, expiring January 24, 2014.
All securities issued by the Company in connection with the private placement are subject to a statutory hold period and may not be traded until May 25, 2013.
Galore Resources is a British Columbia-based exploration company that has assembled a leading group of industry professionals to acquire and explore for promising deposits with an emphasis on gold in Mexico and base metals in British Columbia. For more information on Galore Resources Inc. (News - Market indicators) please visit www.galoreresources.com.
On behalf of the Board
Uwe Schmidt, President