Explorator Resources Inc. is a Canadian-based mining exploration company focused on building a strong portfolio of copper-gold Projects in South America.
Message: Announces Private Placement Offering
| April 29, 2009 |
| Explorator Announces Private Placement Offering |
| TORONTO, ONTARIO--(Marketwire - April 29, 2009) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMENATION IN THE UNITED STATES Explorator Resources Inc. ("Explorator" or the "Company") (TSX VENTURE:EXO) is pleased to announce a non-brokered private placement offering of up to $900,000 of gross proceeds based on the issuance of up to 1,800,000 common shares at a price of $0.50 per common share. Closing of the offering is subject to the receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. The common shares will be subject to a resale restriction for a period of four months plus one day from closing (expected in early May). The proceeds of the offering will be used for the exploration and development of the Company's properties and for working capital purposes. THE COMMON SHARES WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM U.S. REGISTRATION REQUIREMENTS. THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL. About Explorator Resources Explorator Resources is a Canadian-based mining exploration company focused on advancing its El Espino Copper-Gold Project in Chile. The Company is currently completing a scoping study on the Project. The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa and is central to an important cluster of "Candelaria-style" copper-gold deposits. It is located 3.5 hours drive north of Santiago. The El Espino project block covers 75 square kilometres and is host to major gold and copper mineralized structures on which nine small operating mines have been developed. |
Loading...
Loading...
New Message
Please
login
to post a reply