Brionor Announces a $600,000 Private Placement
08 Janvier 2010 - 3:21PM
Marketwired
Brionor Resources Inc. (TSX VENTURE: BNR) (the "Corporation") is
arranging a non-brokered private placement offering of up to
6,000,000 units (the "Units") at a price of $0.10 for gross
proceeds of up to $600,000 (the "Offering").
Each Unit will consist of one (1) common share of the
Corporation and one (1) common share purchase warrant entitling the
holder to acquire one (1) additional common share of the
Corporation at a price of $0.15 for a period of twenty-four (24)
months following the closing of the Offering.
All securities issued in connection with the Offering will be
subject to a four month hold period from the closing of the
Offering. The non-brokered private placement is subject to
regulatory approval.
The funds raised pursuant to the Offering will be used to fund
the Corporation's general working capital and exploration
activities. Directors and Officers of the Corporation are expected
to participate in the Offering for a total amount exceeding 25 % of
the gross proceeds.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release.
Contacts: Robert Ayotte President 450-441-9177
Brionor Resources Inc. (TSXV:BNR)
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