NRThis just out..Looks like we will have money to proceed.
NEWS RELEASE
PRIVATE PLACEMENT
Vancouver, BC – October 21, 2011
Pro Minerals Inc. (TSX.V Symbol – “PRM”),and it’s Board Of Directors are pleased to announce that the Companyhas arranged, subject to regulatory approval, a private placement of6,400,000 units at a price of
.05 per unit for total proceeds of$320,000.00. Each unit consists of one common share and one sharepurchase warrant entitling the holder to purchase one additional commonshare of the Company for a period of 5 years at a price of
.10 pershare. The proceeds from the financing will be used for general workingcapital purposes.
Corporate Communications : Gordon Van Boeyen
Direct: 604-641-4484 ; Cell: 778-838-5889 ; gordon@promineralsinc.com
ON BEHALF OF THE BOARD OF DIRECTORS
OF PRO MINERALS INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman