Ressources Minieres Pro-Or Inc.
TSX VENTURE : POI

Ressources Minieres Pro-Or Inc.

December 17, 2012 09:09 ET

Ressources Minieres Pro-Or Inc.: Private Placement of Up to $250,000 Flow-Through Units

MONTREAL, QUEBEC--(Marketwire - Dec. 17, 2012) - Ressources Minières Pro-Or Inc. (POI) (TSX VENTURE:POI) announces that it is currently completing a private placement in the amount of $250 000. This placement is being offered to "Accredited Investors" in units of $5,000. Each unit is made up of:

  1. 32 000 flow-through common shares at $0.125 per share;

  2. 8 000 non-flow-through common shares at $0.125 each and;

  3. 20 000 common share purchase warrants, each warrant shall entitle the holder thereof to acquire one common share of the Issuer (on a non-flow-through basis) at a price of $0.20 until the date which is twelve (12) month following the Closing date.

The proceeds raised from the issuance of the Flow-Through Shares will be used to incur exploration expenditures on Menarik Property in James Bay, Quebec.

Shares issued pursuant to the offering will be subject to a four (4) month hold period.

No finders' fee will be payable on the transaction, which is subject to regulatory approval.

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

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