Listing (TSXV = LO)
ROUYN-NORANDA, QC, Oct. 26 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the negotiation of a private placement of a maximum of CDN
$500,000. The private placement will be for a maximum of 1,931,818
flow-through shares at the price of $0.22 per share and a maximum of 340,909
common shares at a price of $0.22 per share.
Mr. François Simard will receive 10% commission in cash and
50,000 warrants. These warrants are valid for a period of 24 months. Each
Warrant allows the subscriber to purchase one (1) common share of the Company
at a price of $0.22.
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