LA RONGE, SASKATCHEWAN--(CCNMatthews - Dec. 6, 2005) - Explor Resources Inc. (TSX VENTURE:EXS):
The Corporation is pleased to announce a private placement of 400,000 flow through units at $0.22 per unit for a total of $88,000 and 100,000 common units for a total of $22,000. Each unit comprises one common share at $0.22 per share and one-half common share purchase warrant at $0.30 exercisable within 2 years. The funds will be used for exploration purposes and general working capital.
Placees have yet to be determined. All securities issued will have a 4 month hold period from closing.
Explor Resources Inc. is a public listed Corporation trading on the TSX Venture Exchange
On behalf of the Board Randy Studer. Vice-President
Explor Resources Inc prepared this press release. FOR FURTHER INFORMATION PLEASE CONTACT:
Explor Resources Inc. Randy Studer Vice-President (306) 425-3350 (306) 425-2535 (FAX)
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release.
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