Explor Resources Inc.
TSX VENTURE : EXS

Explor Resources Inc.

March 21, 2006 17:48 ET

Explor Resources Inc.: $63,000 Private Placement-March 21, 2006

LA RONGE, SASKATCHEWAN--(CCNMatthews - March 21, 2006) - Explor Resources Inc. (TSX:EXS) - The Corporation is pleased to announce a private placement of 300,000 common units for a total of $63,000. Each unit comprises one common share at $0.21 per share and one common share purchase warrant at $0.28 exercisable within 2 years. The funds will be used for exploration purposes and general working capital.

Placees have yet to be determined. All securities issued will have a 4 month hold period from closing.

On behalf of the Board
Randy Studer
Vice-President

Explor Resources Inc. prepared this press release.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release.

Contact Information

  • Explor Resources Inc.
    Randy Studer
    Vice-President
    (306) 425-3350
    (306) 425-2535 (FAX)