| Melkior Resources
Inc. ("Melkior")(TSX VENTURE:
MKR) is pleased to announce that it has completed
a brokered private placement of
3,030,303 flow-through common shares (the "FT Shares")
at a price of $0.33 per FT Share for gross proceeds
of $1,000,000. Becher McMahon Capital Markets Inc.
(the "Agent") acted as agent for this private placement.
In consideration for its services, the Agent received
a cash commission representing 8% of the gross proceeds
and broker warrants equal to 10% of the number of
FT Shares sold under the private placement. Each
broker warrant shall entitle the Agent to purchase
one additional common share of Melkior at a price
of $0.33 for a period of 24 months from the closing
date.
Melkior has also raised $200,000
pursuant to a private placement of 606,060 FT Shares
issued to accredited investors and
senior officers.
The securities issued
under the private placement are subject to a
4-month hold period expiring on March 2, 2008.
The
net proceeds from the private placements will be
used by Melkior to finance exploration expenditures
on its properties located in the Provinces of Ontario
and Quebec. |
