Ottawa, Ontario. Melkior Resources Inc. (“Melkior”) is pleased to announce an amendment to the non-brokered private placement of up to 15,000,000 units at a price of $0.05 per unit for gross proceeds of $750,000 previously announced on September 9, 2013.
Each unit is comprised of one common share and one common share purchase warrant. Each whole warrant entitles its holder to purchase one additional common share at a price of $0.05 for a period of 24 months following the closing.
The previously announced news release stated that the warrants were exercisable for a period of 12 months. This has been extended by the Company for a period of 24 months following the closing of the placement.
The Offering is subject to regulatory approval.
Melkior is a junior exploration company with active exploration projects in West Timmins and holds several other exploration properties of which the most important is the 100% owned Launay gold property in West Quebec. Melkior also holds two important claim groups in the Beardmore Long-Lac gold camps.
For more information:
Melkior Resources Inc.
Jens Hansen, President or Sabino Di Paola, CFO
Tel: 613.721.2919 Tel: 613-293-9219
Fax: 613.680.1091 Fax: 613.680.1091
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.