May 30, 2018 / TheNewswire / Timmins, ON – Melkior Resources Inc. (the “Company” or “Melkior”) (TSXV – “MKR”) is pleased to announce that it has arranged a non-brokered private placement (the ” Private Placement “) for total gross proceeds of up to C$1,000,000.
The Private Placement will consist of up to 20,000,000 units at a price of C$0.05 per unit (each a “Unit”). Each Unit is comprised of one common share of the Company and one common share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to acquire one common share of the Company for a period of 3 years at a price of C$0.075.
Proceeds of the Private Placement will be used to conduct further exploration on the Company’s Canadian mineral properties and for general corporate and working capital purposes. Finders’ fees may be paid as permitted by the TSX Venture Exchange, and applicable securities laws.
On behalf of the Board of Directors
“Keith James Deluce”
Keith James Deluce, CEO
For further information, please contact:
Melkior Resources Inc.