PNO Resources is pleased to announce that, further to the press releases dated July 6, 14 and 20, 2015, it has now closed the first tranche of the previously announced private placement financing (the "Private Placement") raising gross proceeds of $4,105,000. PNO issued an aggregate of of 20,525,000 subscription receipts ("Subscription Receipts") at a price of $0.20 per Subscription Receipt pursuant to the Private
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