Listing (TSXV: LO)
ROUYN-NORANDA, QC, Nov. 12 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the closing of a private placement of CDN $135,000. The
private placement is for 540,000 flow-through shares at the price of $0.20 per
share and 135,000 common shares at a price of $0.20 per share. Each share is
accompanied by one half (1/2) of a warrant valid for a period of 24 months,
which represents 337,500 warrants. One whole warrant allows the subscriber to
purchase one (1) common share of the Company at a price of $0.27.
Canaccord Capital Corporation will receive a 10% commission in cash and
65,000 warrants. Each Warrant allows the subscriber to purchase one (1) common
share of the Company at a price of $0.20 per share for a period of 12 months.
The securities issued pursuant to this private placement are subject to a
hold period of four months from closing.
LOUNOR EXPLORATION INC. is a publicly traded company on the TSX-Venture
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