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InvestmentPitch Media Video Discusses Tres-Or Resources' Non-Brokered Private Placements and Proposed 2019 Exploration Program on the Company's 100% Owned Guigues Kimberlite Pipe - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2019) - Tres-Or Resources (TSXV: TRS) (...
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[{"type":"text","content":"InvestmentPitch Media Video Discusses Tres-Or Resources' Non-Brokered Private Placements and Proposed 2019 Exploration Program on the Company's 100% Owned Guigues Kimberlite Pipe - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - May 31, 2019) - Tres-Or Resources (TSXV: TRS) (OTC Pink: TRSFF) has announced non-brokered private placements totaling $1 million, consisting of both flow-through and regular units. The company plans to raise up to $675,000 from the placement of 2,934,783 flow-through units priced at $0.23 per unit, with each flow-through unit consisting of one share and one-half a non-flow-through warrant, with each full warrant exercisable at $0.40 per share for 12 months.The company also plans to raise up to $375,000 from the placement of 1,973,685 regular units priced at $0.19 per unit, with each regular unit consists of one share and one warrant, with each warrant exercisable at $0.28 per share for 36 months. In conjunction with the private placements, the company plans to consolidate the shares on a 1 for 10 basis.Cannot view this video? Visit:http://www.investmentpitch.com/video/0_aild6bd3/Tres-Or-Resources-announces-non-brokered-private-placements-totaling-1-million-consisting-of-both-flow-through-and-regular-unitsFor more information, please view the InvestmentPitch Media \"video\" which provides additional information on the company and this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Tres-Or\" in the search box. The gross proceeds from the flow-through units will be used to fund a proposed 2019 exploration program on the company's 100% owned Guigues kimberlite pipe, which is conveniently located 10 kilometres from Notre-Dame-du-Nord, in Québec. Tres-Or has budgeted $440,000 to use industry-standard drilling and sampling techniques to collect core samples from the most prospective areas of the Guigues Pipe for the first microdiamond testing at an independent and modern microdiamond testing facility. The company anticipates that this drilling program will commence near the end of the third quarter and that the microdiamond testing results will be available near the end of the year.This summer, the company also plans to commence a comprehensive exploration program at its Guigues Project. The goal of this phase of the exploration pro...