Brionor Resources Inc.

Brionor Resources Inc.

August 29, 2011 09:14 ET

Brionor Announces the Closing of a Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - Aug. 29, 2011) - Brionor Resources Inc. ("Brionor" or the "Company") (TSX VENTURE:BNR) is pleased to announce that it has completed a non-brokered private placement by issuing 7,596,9858 units (the "Units") at a price of $0.07 per Unit for gross proceeds of $531,780.06. Each Unit consists of one common share of the Company (a "Common Share") and one-half common share purchase warrant. Each whole warrant entitles its holder to acquire one additional Common Share of the Company at a price of $0.12 until February 26, 2013.

All securities issued in the private placement are subject to a four month hold period expiring on December 27, 2011.

Brionor is a junior mining exploration company with a portfolio of exploration projects including the 100% owned Pitt Golf Project in Québec.

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

Contact Information

  • Brionor Resources Inc.
    Lewis Lawrick
    President & CEO

    Brionor Resources Inc.
    Robert Ayotte