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.
There is only one way to happiness, and that is to cease worrying things which are beyond the power of our will.