Melkior Resources Updates Non-Brokered Private Placement And Increases Size to $1,200,000

Timmins, ON / TheNewswire / June 5, 2018 – Melkior Resources Inc. (the “Company” or “Melkior”) (TSXV – “MKR”) wishes to provide an update regarding its previously announced private placement (the “Offering”) of up to 20,000,000 units (the “Units”).

The Offering will now consist of up to 20,000,000 Units at a price of $0.06 per Unit for gross proceeds of up to $1,200,000.  Each Unit is comprised of one common share of the Company and one common share purchase warrant (a “Warrant”).  Each Warrant will now entitle the holder to acquire one common share of the Company for a period of 3 years at a price of $0.085.

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.

E-mail: info@melkior.com

Tel: 705-267-4000