Ressources Minières Pro-Or Inc.
TSX VENTURE : POI

Ressources Minières Pro-Or Inc.

November 03, 2006 11:05 ET

Pro-Or Announces Private Placement

MONTREAL, QUEBEC--(CCNMatthews - Nov. 3, 2006) - Ressource Miniere Pro-Or Inc. ("Pro-Or") (TSX VENTURE:POI) is pleased to announce that it is undertaking a private placement for a minimum of $300,000 and a maximum of $900,000 in the form of units. The units are priced at $3,000 and consist of 4,000 flow-through shares at $0.60, 1,000 Class A shares at $0.60 and 2,500 warrants to purchase Class A shares of the Company at $0.75 for a 12-month period.

Proceeds from the flow-through portion 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.

This private placement is being offered to accredited investors only. Shares issued pursuant to the offering will be subject to a four-month hold period. No finders' fee will be 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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