Galore Resources arranges $267,750 private placement
2009-10-23 20:02 ET - News Release
Mr. Michael Byrne reports
GALORE ANNOUNCES A PRIVATE PLACEMENT
Galore Resources Inc. is arranging a $267,750 non-brokered private placement through the sale of 1,164,136 flow-through units at a price of 23 cents per flow-through unit. Each flow-through unit will consist of one flow-through common share and one non-flow-through share purchase warrant. Each warrant will be exercisable into one common share for a period of two years from closing of the financing at a price of 33 cents per share. The financing is subject to regulatory approval.
There are no commissions being paid or agent options being issued on this placement.
From this offering, the company will raise approximately $267,750. Proceeds will be used to further drill test Galore's 100-per-cent-owned Taseko gold, copper and molybdenum property located 20 kilometres south of the Taseko mines' Prosperity project in southwestern British Columbia.
We seek Safe Harbor.