Brionor Closes $600,000 Non-Brokered Private Placement
12 Février 2010 - 6:59PM
Marketwired
Brionor Resources Inc. (TSX VENTURE: BNR) ("Brionor" or the
"Company") has closed a non-brokered private placement of 6,000,000
units of the Company at a price of $0.10 per unit for gross
proceeds of $600,000.
Each unit consists of one common share of the Company and one
common share purchase warrant entitling the holder to purchase one
common share at an exercise price of $0.15 for a period of 24
months following the date of closing of the private placement.
Directors and officers of the Company have subscribed for
3,550,000 units ($355,000).
In accordance with securities legislation, the common shares and
warrants forming the units, as well as any common shares issued
upon exercise of the warrants prior to June 13, 2010, are subject
to a four month hold period from the closing date.
The proceeds of the placement will be used to advance the Pitt
Gold Project and for general working capital purposes.
Brionor is a junior mining exploration company with a portfolio
of several projects including the Pitt Gold project in Quebec.
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.
Contacts: Brionor Resources Inc. Robert Ayotte President
450-441-9177 info@brionor.com
Brionor Resources Inc. (TSXV:BNR)
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