Listing (TSXV = LO)
ROUYN-NORANDA, QC, Jan. 3 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the closing of a private placement of a maximum of
CDN $80,000. The private placement will be for 360,000 flow-through shares at
the price of $0.20 per share and 40,000 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 200,000 warrants. One whole warrant
allows the subscriber to purchase one (1) common share of the Company at a
price of $0.27.
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
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