Ressources Minières Pro-Or Inc.
TSX VENTURE : POI

Ressources Minières Pro-Or Inc.

May 29, 2013 16:37 ET

Pro-Or Announces Warrant Extension by One Year

MONTREAL, QUEBEC--(Marketwired - May 29, 2013) - Pro-Or Mining Resources (TSX VENTURE:POI) or Pro-Or announces that, subject to required approvals from regulatory authorities, the Company will extend the expiration date of warrants issued in respect of a private placement which closed on June 11th, 2009 by one year.

The private placement of June 11th 2009 represented 20 units for an amount of five thousand dollars ($ 5,000) per unit, for a total amount of $ 100,000, each unit consisting of:

  1. 20,000 warrants, each warrant to purchase one (1) class "A" of the Company at a price of $ 0.35 for a period of 12 months following the closing of the Offering, subject to an accelerator clause.

  2. The initial deadline of the warrants was June 11, 2010 and was followed by three warrant extension applications. The current application requests an extension to June 11th 2014. The exercise price remains at $ 0.35.

No unit has been exercised to date.

"The TSX Venture Exchange and its regulatory service provider (as that term is defined in the policies of the TSX Venture Exchange) have not accepted responsibility for the adequacy or accuracy of this release."

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