Ottawa, Ontario. Melkior Resources Inc. (“Melkior”) is pleased to announce an amendment to the a non-brokered private placement announced on October 10, 2013 of up to 12,000,000 combined flow through and non-flow through units for maximum gross proceeds (“Gross Proceeds”) of $600,000 CAD, subject to the Corporation’s right to increase the Offering at its sole discretion.
Melkior has amended the exercise price of the flow through warrant from $0.10 CAD per share to $0.06 CAD per share. All other terms of the placement have remained the same.
The proceeds of both placements will be for definition drilling for a near surface 43-101 calculation and deep exploration drilling on Melkiors 100% owned Carscallen gold property in Timmins Ontario.
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.