Post by Franko10 ™ on Oct 21, 2005 18:26:42 GMT -5
Explor Resources Inc.: Private Placement (ccnm)
LA RONGE, SASKATCHEWAN--(CCNMatthews - Oct. 21, 2005) - Explor Resources Inc. (TSX VENTURE:EXS)
The Corporation is pleased to announce the signature of an agreement for the private placement of 480,000 flow through units at $0.22 per unit for a total of $105,600 CDN and 120,000 common units for a total of $26,400 CDN. Each unit comprises one common share at $0.22 per share and one common share purchase warrant exercisable at $0.29 per share for a 24 months period.
The funds will be used for exploration purposes and general working capital.
Explor Resources Inc. is a public listed company trading on the TSX Venture Exchange.
This press release was prepared by Explor Resources Inc.
FOR FURTHER INFORMATION PLEASE CONTACT:
Explor Resources Inc. Chris Dupont President (705) 268-5416 or Explor Resources Inc. Randy Studer Vice President (306) 425-3350 (306) 425-2535 (FAX)
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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