Tres-Or Resources (TRS-V) PP Oversubscribed - Unit Offering Increased
Jan 28, '21 - NR
Further to the news release of Dec. 14, 2020, Tres-Or Resources Ltd.'s offering of common share (CS) units is oversubscribed. The company has determined to increase the size of the offering of CS units to 3,831,002 CS units. The company expects to close on a further 2,361,001 CS units (in addition to the 1,470,001 CS units issued Dec. 31, 2020) for proceeds of $354,150.15. Each CS unit will be sold at 15 cents per CS unit, and consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share for a period of 24 months at a price of 20 cents per common share. The company also intends to complete a further closing of its concurrent flow-through private placement.
The additional proceeds will also be used solely for Canadian exploration expenses, property-related expenses, and general corporate and working capital.
About Tres-Or Resources Ltd.
Tres-Or is a Canadian resource company, focused on exploring for diamonds and gold resources in the Temiscamingue and Abitibi regions of Quebec, and is listed on the TSX Venture Exchange under the trading symbol TRS.
Tres-Or’s Head Office is located at 1934 - 131 Street, White Rock, British Columbia, Canada V4A 7R7.
The early warning report with respect to the foregoing will appear on Tres-Or’s profile on the System for Electronic Document Analysis and Retrieval (“ SEDAR ”) at www.sedar.com. A copy may also be obtained by calling Kiboko at +1 (778) 381-5949 or emailing Kiboko at moreinfo@kibokoexploration.com . |
