ROUYN-NORANDA, QC, Oct. 15 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the negotiation of a private placement of CDN $50,000 with
a director. The private placement will be for 200,000 flow-through shares at
the price of $0.20 per share and 50,000 common shares at a price of $0.20 per
share. Each share will be accompanied of one half of a purchase warrant valid
for a period of 24 months, which represent 125,000 warrants. One whole warrant
will allow the subscriber to purchase one common share of the Company at a
price of $0.27 per share.
The securities issued pursuant to this private placement are subject to a
hold period of four months from closing. This placement is subject to the
approval of the regulatory authorities.
LOUNOR EXPLORATION INC. is a publicly traded company on the
This Press Release was prepared by LOUNOR EXPLORATION INC. and the TSX
Venture has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Mr. Gilles Fiset, President, 1-800-388-8668,
(819) 797-8668, Fax: (819) 797-6050