Temoris Resources Inc.

Temoris Resources Inc.

October 04, 2007 09:45 ET

Temoris Resources Closes a $275,000 Private Placement

MONTREAL, QUEBEC--(Marketwire - Oct. 4, 2007) - Temoris Resources (TSX VENTURE:TMO) ("Temoris") announces a non-brokered private placement for a total of 2,750,000 units priced at $0.10 per unit for a gross proceeds of $275,000. Each unit consists of one common share and one common share purchase warrant. Each full warrant entitles the holder to purchase one additional common share at a price of $0.15 per common share until October 4, 2009.

In connection with the private placement, Temoris paid Eli Stratulat and Pro-Actifs a Finder's fee equal to 8% of the gross proceeds. The Finder's fee was paid in cash only.

Under applicable securities legislation and policies of the TSX Venture Exchange, the common shares and warrants issued under the private placement are subject to a four month hold period expiring on February 5, 2008.

The TSX Venture does not accept responsibility for the accuracy of the release.

Contact Information

  • Temoris Resources Inc.
    Jean Labrecque
    President, CEO
    514-866-6001 Ext. 229
    514-866-6193 (FAX)