Tres-Or Announces Private Placement of Units and Exercise of Warrants
08 Dezembro 2010 - 5:02PM
Marketwired
Tres-Or Resources Ltd. (the "Company") (TSX VENTURE: TRS). Further
to its news release of October 25, 2010, the Company is pleased to
announce that its previously disclosed private placement has been
increased by a further 1,666,6667 units at $0.15 per unit for
further proceeds of $250,000. As a result the placement now totals
3,666,667 units for total proceeds of $550,000. Each unit is
comprised of one common share 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 the MineralFields
Group has exercised a further 5,500,000 $0.15 warrants of the
Company, resulting in proceeds to the Company of $825,000.
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, President and CEO
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 Ontario and Quebec. 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.
Neither 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.
Contacts: Tres-Or Resources Ltd. Brian Biles Corporate
604-688-8700 info@tres-or.com www.tres-or.com
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