Listing (TSXV = LO Frankfurt = LE2A)
ROUYN-NORANDA, QC, April 3 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the closing of a private placement of CDN $135,000.
$13,500 in common shares representing 112,500 common shares at a price of
$0.12 per share and 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.
$121,500 in flow-through shares representing 1,012 500 flow-through
shares at a price of $0.12 per share and 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 issued pursuant to this private placement are subject to a
hold period of four months and one day from closing.
Grant of Options
Lounor also announces that the Company has granted 1,335,000 new stock
options to directors, officers and consultants of the Company, which can be
exercised at a price of $0.15 per share expiring on April 3, 2012.
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.
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, email@example.com; www.lounor.com