Timmins, Ontario / TheNewswire / Melkior Resources Inc. (the “Company”) is pleased to announce that it has closed a private placement of 7,692,307 flow-through common shares at $0.065 for total proceeds of $500,000.
The Company paid finder’s fees of $40,000 and issued 461,538 share purchase warrants in respect of the placement. Each finder’s warrant is exercisable into one common share of the Company for a period of two years at a price of $0.065.
All securities issued under the placement will be subject to statutory hold periods expiring on April 23, 2018.
The Company will use the proceeds from the private placement to conduct further exploration on its Canadian mineral properties.
ON BEHALF OF THE BOARD
Keith James Deluce, CEO
For more information, please contact:
Melkior Resources Inc.
E-mail: [email protected]