Drilling must not be going well...if they are doing this poor private placement before results:
Melkior Announces Private Placement11/30/2009 5:33:08 PM - Market Wire
OTTAWA, ONTARIO, Nov 30, 2009 (MARKETWIRE via COMTEX News Network) --
MelkiorResources Inc. (TSX VENTURE: MKR) (the "Company") is pleased toannounce that the TSX Venture Exchange (the "TSXV") has conditionallyaccepted a brokered private placement ("Brokered Private Placement") ofup to $3,000,000 consisting of units (the "Units") at a price of
.30per Unit and flow- through shares (the "Flow-Through Shares") at aprice of
.33 per Flow-Through Share, and a non-brokered privateplacement ("Non-Brokered Private Placement") of up to $600,000consisting of Units. The Units shall consist of one common share of theCompany (a "Common Share") and one half of one common share purchasewarrant (a "Warrant"). Each whole Warrant shall entitle the investor topurchase one additional Common Share at an exercise price of
.40 perCommon Share during the first year after closing, and at an exerciseprice of
.50 during the second year after closing.