LOUNOR EXPLORATION INC. - Private placement



    Listing (TSXV = LO)

    ROUYN-NORANDA, QC, Oct. 26 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the negotiation of a private placement of a maximum of CDN
$500,000. The private placement will be for a maximum of 1,931,818
flow-through shares at the price of $0.22 per share and a maximum of 340,909
common shares at a price of $0.22 per share.
    Mr. François Simard will receive 10% commission in cash and
50,000 warrants. These warrants are valid for a period of 24 months. Each
Warrant allows the subscriber to purchase one (1) common share of the Company
at a price of $0.22.
    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 TSX-Venture
(TSXV-LO).

    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.
    %SEDAR: 00008670EF




For further information:

For further information: Mr. Gilles Fiset, President, 1-800-388-8668,
(819) 797-8668, Fax: (819) 797-6050

Organization Profile

Lounor Exploration Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890