Ottawa, Ontario. Melkior Resources Inc. (“Melkior”) is pleased to announce that it has completed the closing of its previously announced private placement for aggregate proceeds of $40,000 consisting of the issuance of 616,667 flow through units at a price of $0.06 per unit. Each unit is comprised of one flow through common share and one non-flow through common share purchase warrant. Each full warrant entitles its holder to purchase one additional common share at a price of $0.06 for a period of 24 months following the closing. The securities issued under the private placement are subject to a four (4) month hold period ending April 20, 2014.
In conjunction with the private placement, insiders of Melkior have subscribed for aggregate proceeds of $12,000.
There were no commissions issued in relation to this private placement.
The proceeds of the placement will be for advancing exploration on Melkior’s 100% owned Carscallen gold property in Timmins Ontario.
The reader is invited to visit Melkior’s new web site www.melkior.com.
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]
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.