LOUNOR EXPLORATION INC. - Private placement

pleased to announce the negotiation of a private placement of CDN $50,000 with
a director. The private placement will be for 200,000 flow-through shares at
the price of $0.20 per share and 50,000 common shares at a price of $0.20 per
share. Each share will be accompanied of one half of a purchase warrant valid
for a period of 24 months, which represent 125,000 warrants. One whole warrant
will allow the subscriber to purchase one common share of the Company at a
price of $0.27 per share.
    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