Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

June 30, 2009 17:01 ET

Melkior Obtains Private Placement for Timmins Drilling

OTTAWA, ONTARIO--(Marketwire - June 30, 2009) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES

Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR) is pleased to announce the closing today of a private placement of 4,758,928 units (the "Units") at a price of $0.21 per Unit for gross proceeds of $999,374.88. Each Unit is comprised of one common share and one common share purchase warrant. Each common share purchase warrant will entitle its holder to purchase one additional common share at a price of $0.35 per common share for a period of 24 months following the closing date.

The net proceeds from the private placement will be used by Melkior to finance drilling on its 100% owned Carscallen Gold property located in the active West Timmins gold exploration camp and for exploration on other Timmins area properties.

The private placement is subject to final acceptance for filing by the TSX Venture Exchange and receipt of any required regulatory approvals.

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

Contact Information

  • Melkior Resources Inc.
    Jens E. Hansen
    President
    613-721-2919
    613-680-1091 (FAX)
    www.melkior.com