Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

July 03, 2009 15:01 ET

Melkior Reports Finder's Fee for Timmins Drilling

OTTAWA, ONTARIO--(Marketwire - July 3, 2009) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES

Melkior Resources Inc. ("Melkior" or the "Company")(TSX VENTURE:MKR) announces that, pursuant to the closing June 30, 2009 of a private placement of $999,374.88 (the "Private Placement"), the Company paid a cash finder's fee to PI Financial Corp. (the "Finder") equivalent to 7 % of the gross proceeds raised by the Finder under the Private Placement, in the amount of $22,050 plus 10% in Finder's warrants, in the amount of 150,000 warrants. Each warrant entitles the Finder to purchase one additional common share of the Company at a price of $0.25 per common share for a period of 24 months following the closing date.

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