PP closed 7/24 PR: Dorinho; Warrants market should be trading shortly, I suspect. Help yourself...at 12 million warrants--each worth 1/2 share--should be able to find a few loose ones to your liking (vbg)
News Release - Wednesday, January 24, 2007
Private Placement Closed
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News Release 2007-#03
Gold-Ore Resources Ltd. (the "Company") announces that further to the
Company's news release of January 16, 2007 it has closed the
non-brokered equity financing at the maximum of $6,776,000 gross
proceeds. Twelve million, one hundred thousand units were sold under
private placement at $0.56 ("Unit"). Each Unit consists of one common
share and one-half of one common share purchase warrant ("Warrant").
Each whole Warrant entitles the holder to purchase an additional common
share at a price of $1.00 per share for a period of 18 months from the
closing of the financing. Units sold under the private placement have a
4 month hold period expiring May 20, 2007.
The Company will pay to arm's length third parties or registered
dealers a finders' fee totaling $227,707 and brokers' warrants to
acquire 338,850 common shares of the Company. Each brokers' warrant may
be exercised for one common share at a price of $0.56 for a period of
12 months from closing.
The proceeds from the placement will be used to conduct exploration
work including test mining/bulk sampling, underground tunneling,
geological mapping, geophysical surveys and surface and underground
drilling on the Company's Bjorkdal Gold project in Sweden. For further
detail on the use of proceeds, please see News Release 2007-#02 dated
January 16, 2007.
For more information please contact Glen Dickson or Bob Wasylyshyn at
(604) 687-8884. Bjorkdal property information is posted on the
Company's web site at www.goldoreresources.com Robert S. Wasylyshyn, P.
Geo. is the Company's Qualified Person for the Bjorkdal Project.
ON BEHALF OF THE BOARD
Glen Dickson, Chairman
The TSX Venture Exchange has not reviewed yadda yadda yadda
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Copyright (c) 2007 GOLD ORE RESOURCES LTD. (GOZ) All rights reserved.
For more information visit our website at
goldoreresources.com or send
mailto:info@goldoreresources.com
Message sent on Wed Jan 24, 2007 at 6:32:14 AM Pacific Time |
