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
E-mail: [email protected] E-mail: [email protected]
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