Monthly Archives: December 2009

Melkior Expands West Timmins Drilling and “Ring of Fire” Exploration

OTTAWA, ONTARIO – Melkior Resources Inc. (TSX VENTURE:MKR) (“Melkior” or the “Company”) is pleased to provide a budget update following its recently completed private placement which resulted in total gross proceeds in excess of $6.0 million. With cash on hand in excess of $8.0 million, the Company plans to aggressively expand its work programs as […]

Melkior Closes $6M Private Placement

OTTAWA, ONTARIO – Melkior Resources Inc. (TSX VENTURE:MKR)(“Melkior” or the “Company”) is pleased to announce the second and final closing today of a private placementwhich brings the total gross proceeds raised to $6,059,502. This financing permits Melkior to substantially advance and deepen its drilling on its promising 100% owned West Timmins Carscallen Gold property which adjoins […]

Melkior Raises $5.88 Million in First Closing of Private Placement

OTTAWA, ONTARIO – Melkior Resources Inc. (“Melkior” or the “Company”) (TSX VENTURE:MKR) is pleased to announce the first closing today of a private placement of: (i) 8,993,001 units (the “Units”) at a price of $0.30 per Unit for gross proceeds of $2,697,900 and (ii) 9,656,400 flow-through common shares (“Flow-Through Shares”) at a price of $0.33 per Flow-Through […]