PNO Resources Ltd. announces non-brokered private placement

/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES./

TSXV: PNO.H

VANCOUVER, Jan. 22, 2015 /CNW/ - PNO Resources Ltd. (the "Company") (TSXV: PNO.H) announces a non-brokered private placement of up to 5,000,000 units at a price of $0.10 per unit for gross proceeds of up to $500,000.

Each unit will consist of one common share and one full common share purchase warrant.  Each whole common share purchase warrant will be exercisable at $0.15 per common share for a period of 1 year from closing.   

Proceeds will be used for general working capital and for continuing to research opportunities in the natural resources sector.

ON BEHALF OF THE BOARD OF DIRECTORS

		"Christy Louth"
Per:		__________________
		Christy Louth
		President and Director

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

SOURCE PNO Resources Ltd.

Christy Louth, President and Director, Tel: [phone]