Ressources Minières Pro-Or Inc.
TSX VENTURE : POI

Ressources Minières Pro-Or Inc.

December 04, 2006 15:27 ET

Pro-Or 900,000$ Private Placement

MONTREAL, QUEBEC--(CCNMatthews - Dec. 4, 2006) - Ressources Minieres Pro-Or Inc. ("Pro-Or") (TSX VENTURE:POI) wishes to announce that it has closed a private placement for the expected maximum of $900,000. This placement implicates the issuance of 1,500,000 Class A shares of which 1,200,000 are flow-through. A total of 750,000 warrants will also be issued and every unit will give the possibility to the holders to buy a share at a fixed price of 0.75$ until November 30, 2007.

Proceeds from the flow-through portion ($720,000) of the offering will be used for exploration work on the Menarik property and proceeds from the sale of Class A shares will be used for general working capital purposes.

Shares issued pursuant to the offering are subject to a four-month hold period. No finders' fee are payable on the transaction, which is subject to regulatory approval.

About Pro-Or

Founded in 1986, Pro-Or is active in the exploration of mining properties with a view to commercial production. Its primary mining asset is the Menarik property, which hosts the largest known chromite deposit in North America. In the past five years, Pro-Or has also conducted R&D that has led to the development of two innovative, patented processes, one for upgrading chromite and another for recovery of platinum group minerals from refractory ores and recycled catalytic converters.

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