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November 18, 2003
AntOro Closes A Private Placement for $525,000
Montreal, November 18, 2003 – AntOro Resources Inc. is pleased to announce the closing of a private placement totalling a gross proceeds of $ 525,000 with one Ontario subscriber.
This private placement is composed of 437,500 common shares and 1,312,500 flow-through shares at $0.30 per share and of 218,750 share purchase warrants, each share purchase warrant allows the subscriber to subscribe one common share at a price of $0.40 per share until November 12, 2005, and 656,250 flow-through share purchase warrants, each flow-through warrant allowing the subscriber to subscribe to one flow-through share at a price of $0.40 per share until November 12, 2005. The shares of this placement are subject to transfer restrictions until March 11, 2004.
The net proceeds of this placement will be added to AntOro’s working capital and will be used for exploration requirements on the Corporation’s mining properties in Quebec and Ontario.
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