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Melkior Resources Announces $1,000,000 Non-Brokered Private Placement
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May 30, 2018 / TheNewswire / Timmins, ON – Melkior Resources Inc. (the “Company” or “Melkior”) (TSXV - “MKR”) is pleased to announce that it has arranged a non-brokered private placement (the “Private Placement”) for total gross proceeds of up to C$1,000,000.
The Private Placement will consist of up to 20,000,000 units at a price of C$0.05 per unit (each a “Unit”). Each Unit is comprised of one common share of the Company and one common share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to acquire one common share of the Company for a period of 3 years at a price of C$0.075.
Proceeds of the Private Placement will be used to conduct further exploration on the Company’s Canadian mineral properties and for general corporate and working capital purposes. Finders’ fees may be paid as permitted by the TSX Venture Exchange, and applicable securities laws.
On behalf of the Board of Directors
“Keith James Deluce”
Keith James Deluce, CEO
For further information, please contact:
The reader is invited to visit Melkior’s web site www.melkior.com.
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 release.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES