« Back | Main | Print this page

September 12, 2004

AntOro Closes Two Private Placements for $428,925

Montreal, September 12, 2002 – AntOro Resources Inc. is pleased to announce the closing of two private placements for a total of 430 units at a price of $997.50 per unit, for gross proceeds of $428,925 with a Quebec resident and a non-Quebec resident.

Each unit is composed of 700 common shares and 2,800 flow-through shares at $0.285 per share and of 700 share purchase warrants, each warrant allowing the subscriber to subscribe one common share at a price of $0.38 per share until January 2, 2004, and 2,800 flow-through share purchase warrants, each warrant allowing the subscriber to subscribe one flow-through share at a price of $0.38 per share until January 2, 2004.

The net proceeds of these placements will be added to AntOro’s working capital and will be used for exploration requirements on the Corporation’s mining properties in Quebec and in Ontario.

The First Phase of the exploration programs on the Wapiscan, Lac des Isles, White Lake and Golden Hemlo I and II properties is now completed. A number of samples taken seem to contain excellent mineral values after visual examination. The laboratory results should be available within the next few weeks and will be made public.

« Back | Main | Print this page

Posted by Webmaster | Press Release | Site Design & Maintenance by lucidmatter.com