Innovative Processes Creating New Resources

  • slide 1
    New Technological Solutions for a Greener Tomorrow
  • slide 2
    Strategic Urban Mining for PGMs
  • slide 3
    Innovative, Revolutionary, Precious Metals Recovery Process
  • slide 4
    Green Efficient Technology, Low Emissions, Low Energy

Pro-Or announces warrant extension by one year

MONTREAL, QUEBEC - May 23, 2013 – Ressources Minières Pro-Or (TSX VENTURE: POI) or Pro-Or announces that, subject to required approvals from regulatory authorities, the Company will extend by one year the expiration date of warrants issued in respect of a private placement which closed on May 30th, 2011.

The private placement of May 30th 2011 represented 860 units for an amount of two thousand dollars ($ 2,000) per unit, for a total amount of $ 1,720, 000, each unit consisting of:

  1. 10,000 shares of Class "A" of the Company at a price of $ 0.20 per share
  2. 10,000 warrants, each warrant to purchase one (1) class "A" of the Company at a price of $ 0.40 for a period of 12 months following the closing of the Offering, subject to an accelerator clause. This provision remains in force and is defined as follows: the expiration date of the warrants will be shortened at the discretion of the Company if the closing price of the listed shares is equal to or greater than $ 0.65 for more than 20 consecutive days and the new expiration date be deemed to be the 30th day after written notice of the Company.
  3. The initial deadline of the warrants was May 30, 2012 and could now be extended to May 30th 2013. The exercise price remains at $ 0.40.

No unit has been exercised to date.

Pro-Or also announces that the warrants issued on June 3rd, 2008 for a private placement of 300 units at a price of two thousand six hundred dollars ($2,600) each which had been extended until June 3rd, 2013 will not be extended.

Pierre Gévry, Director of Finance
Tel : (514) 849-7336
Fax : (514) 849-9260

Renelle Roy, Executive Secretary
Tel : (514) 849-7336
Fax : (514)-849-9260

"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."