Lounor Exploration Inc. - Private Placement



    Listing (TSXV = LO Frankfurt = LE2A)

    ROUYN-NORANDA, QC, June 16 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the first closing of an amount of $150,000 of a private
placement for a maximum amount of CDN $500,000.

    The placement
    -------------

    250,000 common shares at a price of $0.12 per share representing $30,000.
Each share is accompanied of one purchase warrant allowing to subscribe to one
common share of the Company at a price of $0.15 per share, valid for a period
of 24 months.
    1,000,000 flow-through shares at a price of $0.12 per share representing
$120,000. Each share is accompanied of one purchase warrant allowing to
subscribe to one common share of the Company at a price of $0.15 per share,
valid for a period of 24 months.
    The securities that will be issued at the closing of this private
placement will be subject to a hold period of four months and one day from
closing. This placement is subject to the approval of the regulatory
authorities.
    The Company expects to do a second closing for this private placement in
the near future.

    Lounor Exploration Inc. is a public listed company trading on the TSX
Venture Exchange (LO) and on the Frankfurt Exchange (LE2A).

    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; Léo Patry, Investor Relations,
1-888-974-1276, (514) 951-0250, leo-patry@hotmail.com, www.lounor.com

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Lounor Exploration Inc.

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