Post by Franko10 ™ on Sept 11, 2004 14:09:44 GMT -5
Explor Resources Inc.: Private Placement
09:15 EDT Monday, April 12, 2004 LA RONGE, SASKATCHEWAN--(CCNMatthews - Apr 12, 2004) - Explor Resources Inc.(the "Corporation") wishes to announce that it has sought exchange approval of a private placement of $300,000 consisting of 666,667 units at $0.45 per unit with each unit consisting of 1 common share and 1 common share purchase warrant exercisable at any time within 2 years at $0.60 per common share. Placees have yet to be determined. The Corporation is seeking an agent/broker and may provide such broker with a 10% commission and rights to acquire 133,333 post consolidated common shares at $0.60 per share exercisable within 18 months. All securities issued will have a 4 month hold period from closing. FOR FURTHER INFORMATION PLEASE CONTACT:
Explor Resources Inc. Randy Studer President (306) 425-3350 (306) 425-2435 (FAX) The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release
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