Listing (TSXV = LO)
ROUYN-NORANDA, QC, Dec. 5 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the closing of a private placement of CDN $184,000. The
private placement is for 710,976 flow-through shares at the price of $0.22 per
share and 125,304 common shares at a price of $0.22 per share.
Canaccord Capital Corporation will receive a 8% commission in cash and
63,000 warrants. Each Warrant allows the subscriber to purchase one (1) common
share of the Company at a price of $0.22 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