News after close!!! More money in the bank.
strong>" or the "<strong>Corporation</strong>") <strong>(TSX VENTURE:EXS)(<a data-cke-saved-href="/q?s=exsff" href="/q?s=exsff">EXSFF</a>)(<a data-cke-saved-href="/q?s=e1h1.f" href="/q?s=e1h1.f">E1H1.F</a>)(<a data-cke-saved-href="/q?s=e1h1.f" href="/q?s=e1h1.f">E1H1.F</a>) </strong>announces that it has closed a first tranche of a non-brokered private placement of a maximum of $900,000 (the "<strong>Placemen</strong>t"). The Placement consists of a total amount of 900 units at a price of $1,000 per Unit (the "<strong>Units</strong>"), each Unit consisting of a capital amount of $1,000 of unsecured convertible debentures (the "<strong>Debentures</strong>") and of 6,667 common share purchase warrants of the Corporation (the "<strong>Warrants</strong>"). The Debentures bear interest at an annual rate of 8% and expire in two years from each closing of the Placement. Each holder of Debentures will be entitled to convert the principal amount of the Debentures in common shares of the Corporation, at a price of $0.075 per share, for the first year and at a price of $0.10 for the second year. Each Warrant included in a Unit will allow the subscriber to purchase one common share of the Corporation at an exercise price of $0.12 for a period of two years from the date of each closing of the Placement. Therefore, the Corporation will reserve a maximum number of 12,000,000 common shares of its capital stock pursuant to the terms of the Placement, in the event of the conversion of the full principal amount of the Debentures and an aggregate number of 6,000,000 of its capital stock in the event of the exercise of all the Warrants comprised in the Units." data-reactid="5" style="margin: 0px 0px 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px;" type="text"> ROUYN-NORANDA, QUEBEC--(Marketwired - Apr 3, 2017) -
Explor Resources Inc. ("
Explor" or the "
Corporation")
(TSX VENTURE:EXS)(EXSFF)(E1H1.F)(E1H1.F) announces that it has closed a first tranche of a non-brokered private placement of a maximum of $900,000 (the "
Placement"). The Placement consists of a total amount of 900 units at a price of $1,000 per Unit (the "
Units"), each Unit consisting of a capital amount of $1,000 of unsecured convertible debentures (the "
Debentures") and of 6,667 common share purchase warrants of the Corporation (the "
Warrants"). The Debentures bear interest at an annual rate of 8% and expire in two years from each closing of the Placement. Each holder of Debentures will be entitled to convert the principal amount of the Debentures in common shares of the Corporation, at a price of $0.075 per share, for the first year and at a price of $0.10 for the second year. Each Warrant included in a Unit will allow the subscriber to purchase one common share of the Corporation at an exercise price of $0.12 for a period of two years from the date of each closing of the Placement. Therefore, the Corporation will reserve a maximum number of 12,000,000 common shares of its capital stock pursuant to the terms of the Placement, in the event of the conversion of the full principal amount of the Debentures and an aggregate number of 6,000,000 of its capital stock in the event of the exercise of all the Warrants comprised in the Units.
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