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Ressources minieres Pro-Or Inc.: Private Placement of $800 000
Published : February 22, 2013
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MONTREAL, QUÉBEC--(Marketwire - Feb. 22, 2013) - Ressources Minières Pro-Or Inc. (POI) (News - Market indicatorsannounce 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.

Sylvain Boulanger, President
g.m.st.jacques@gmail.com
(514) 849-7336
(514) 849-9260 (FAX)
www.pro-or.com
or
Renelle Roy, Executive-secretary
renelle@pro-or.com
(514)-849-7336
(514)-849-9260 (FAX)
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Pro-Or Resources Inc.

CODE : POI.V
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Pro-Or Res. is an exploration gold and copper 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$ 9.8 millions as of today (US$ 7.8 millions, € 7.0 millions).

Its stock quote reached its highest recent level on December 31, 2003 at CA$ 1.80, and its lowest recent point on February 01, 2013 at CA$ 0.06.

Pro-Or Res. has 69 897 000 shares outstanding.

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Financings of Pro-Or Resources Inc.
9/24/2013Issues an Update on the Current Private Placement
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
12/17/2012Ressources Minieres Pro-Or Inc.: Private Placement of Up to ...
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...
3/7/2013Extracts Platinum Group Elements for its Client Johnson Matt...
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...
12/10/2010Ressources Minieres Pro-Or Inc.: Update on St-Augustin Plant...
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