Explor Resources Inc.

Explor Resources Inc.

October 21, 2005 17:54 ET

Explor Resources Inc.: Private Placement

LA RONGE, SASKATCHEWAN--(CCNMatthews - Oct. 21, 2005) - Explor Resources Inc. (TSX VENTURE:EXS)

The Corporation is pleased to announce the signature of an agreement for the private placement of 480,000 flow through units at $0.22 per unit for a total of $105,600 CDN and 120,000 common units for a total of $26,400 CDN. Each unit comprises one common share at $0.22 per share and one common share purchase warrant exercisable at $0.29 per share for a 24 months period.

The funds will be used for exploration purposes and general working capital.

Explor Resources Inc. is a public listed company trading on the TSX Venture Exchange.

This press release was prepared by Explor Resources Inc.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Explor Resources Inc.
    Chris Dupont
    (705) 268-5416
    Explor Resources Inc.
    Randy Studer
    Vice President
    (306) 425-3350
    (306) 425-2535 (FAX)