|
Post by Franko10 ™ on Jan 22, 2006 11:31:32 GMT -5
Explor Closes $110,000 Private Placement (ccnm)
LA RONGE, SASKATCHEWAN--(CCNMatthews - Jan. 20, 2006) - Explor Resources Inc. (TSX VENTURE:EXS):
The Corporation is pleased to announce the closing of a private placement on January 10, 2006, consisting 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 per common share exercisable at any time within 2 years. All securities issued will have a 4 month hold period expiring on May 11, 2006.
On behalf of the Board and as Vice-President, Randy Studer.
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.
|
|