Rouyn-Noranda, QC (pcJ News Briefs) – Explor Resources Inc. (TSX-V: EXS; OTCQB: EXSFF; FSE/BERLIN: E1H1) has closed a first tranche of its proposed $1 million non-brokered private placement, issuing 5,294,000 flow-through shares at $0.085 per share for gross proceeds of $449,990.
Proceeds will be incurred in exploration expenditures on mining properties located in the province of Québec.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp in Ontario. Teck Resources Ltd. is currently conducting an exploration program as part of an earn-in on the TPW property.
photo credit: Explor Resources