Business
TRES OR ANNOUNCES PRIVATE PLACEMENT OF UNITS AND EXERCISE OF WARRANTS
TRES OR ANNOUNCES PRIVATE PLACEMENT OF UNITS AND EXERCISE OF WARRANTS
About this update from Tres-or Resources Ltd.
[{"type":"text","content":"\nTRES OR ANNOUNCES PRIVATE PLACEMENT OF UNITS AND EXERCISE OF WARRANTS\n\n\n Oct. 25, 2010 (TheNewswire.ca) -- Tres-Or Resources Ltd. (the \"Company\") (TSX Venture: TRS) wishes to announce a fully allocated private placement of 2,000,000 units at $0.15 per unit, for aggregate proceeds of $300,000. Each unit will be comprised of one common share of the Company and one-half of a share purchase warrant, with each whole warrant entitling the holder to acquire a further common share of the Company at a price of $0.18 for a term of one year.Closing of the private placement remains subject to the acceptance of the TSX Venture Exchange.The Company is also pleased to announce that Pathway Quebec Mining 2008 Flow-Through LP, part of the MineralFields Group, has exercised 2,500,000 $0.15 warrants of the Company, resulting in proceeds to the Company of $375,000.The proceeds from the private placement and the warrant exercise will be applied to the Company's mineral projects and to general working capital.On behalf of the Board of Directors,\"Laura Lee Duffett\"Laura Lee DuffettPresident and CEOContact: Brian Biles, Corporate: Ph: 604-688-8700Email: [email protected] Website: www.tres-or.comNeither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.About Tres-Or Resources Ltd.:Tres-Or Resources Ltd. (TSX Venture: TRS) is a Canadian resource company exploring gold and precious metals projects and diamond assets in the Abitibi-Témiscamingue region of northwestern Quebec and northeastern Ontario. The experienced team has proven success in exploration through to discovery and mine development. Additional information related to the Company is available at: www.tres-or.com .Copyright (c) 2010 Thenewswire.ca - All rights reserved.\n\n\n \n","length":2214,"tagName":"div"}]