Cairo Resources Inc.
TSX VENTURE : QAI

May 31, 2016 19:20 ET

Cairo Resources Announces Close of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) -

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Cairo Resources Inc. (the "Company") (TSX VENTURE:QAI) announces that it has completed a non-brokered private placement of 666,666 common shares of the Company at a price of $0.15 per common share for gross proceeds of C$100,000 (the "Offering").

The Company will apply the proceeds of the Offering towards general working capital purposes.

All securities issued or issuable under the Offering are subject to a four-month hold period expiring on October 1, 2016 in addition to such other restrictions as may apply under applicable securities laws in jurisdictions outside of Canada.

There were no finder's fees paid in connection with the Offering.

On Behalf of the Board of Directors of Cairo Resources Inc.,

Darryl Cardey, President & CEO

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

Contact Information

  • Cairo Resources Inc.
    Darryl Cardey
    President & CEO
    604-638-8063