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 closes $250 000 private placement

Montreal, January 7th, 2013. - Ressources Minières Pro-Or Inc. (POI) has completed the previously announced private placement of units for a total amount of $250,000. Each unit was priced at $5,000.

This private placement was addressed to qualified investors and implicated the issuance of:

  1. 1 600 000 Class A shares issued on a flow-through basis at $0.125 each;
  2. 400 000 Class A non-flow-through Class A shares at $0.125 each and;
  3. 1 000 000 Class A purchase warrants, each warrant shall entitle the holder thereof to acquire one Class A 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 120 days hold period.

Finder's fee will be payable on the transaction to:

Integral Wealth Securities Ltd: $8,000

The private placement was conditionally approved by the TSX.

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

Sylvain Boulanger, President
Phone : (514) 849-7336
Fax : (514)-849-9260

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