Ressources Minières Pro-Or Inc.

Ressources Minières Pro-Or Inc.

August 24, 2010 11:17 ET

Pro-Or Mining Resources Inc.: Closing of the Private Placement of $750,000

MONTREAL, QUEBEC--(Marketwire - Aug. 24, 2010) - Pro-Or Mining Resources Inc. (TSX VENTURE:POI) announces the closing of the private placement of a maximum of $ 750,000 originally scheduled for $ 600,000. This placement was addressed to qualified investors and has involved the issuance of: i) 5,000,000 shares of Class "A" of the Company at $ 0.15 per share, and ii) 5,000,000 warrants to purchase a Class "A" share at $ 0.25 per share, for a period of twelve (12) months following the closing.

The shares persuant to the offering will be subject to a four-month hold period, after the closing date. The Company has not paid any finder's fee on the transaction. The proceeds will be used for working capital.

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