Listing (TSXV = LO)
ROUYN-NORANDA, QC, Oct. 23 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the closing of a private placement of CDN $50,000 with a
director. The private placement is 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 is accompanied of one half of a purchase warrant
valid for a period of 24 months, which represents 125,000 warrants. One whole
warrant allows 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.
LOUNOR EXPLORATION INC. is a publicly traded company on the
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