Melkior Resources Inc. Closes Flow-Through Financing
Timmins - Melkior Resources Inc. (the "Company") is pleased to announce that it has closed a private placement of 7,692,307 flow-through common shares at $0.065 for total proceeds of $500,000. The Company paid finder's fees of $40,000 and issued 461,538 share purchase warrants in respect of the placement. Each finder's warrant is exercisable into one common share of the Company for a period of two years at a price of $0.065.
All securities issued under the placement will be subject to statutory hold periods expiring on April 23, 2018.
The Company will use the proceeds from the private placement to conduct further exploration on its Canadian mineral properties.
ON BEHALF OF THE BOARD
Keith James Deluce, CEO
For more information, please contact:
Melkior Resources Inc.
E-mail: info@melkior.com
Tel: 705-267-4000
The reader is invited to visit Melkior's web site www.melkior.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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