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To: Goose94 who wrote (13144)5/4/2016 6:53:45 PM
From: Goose94Respond to of 202925
 
PRS.H-V new 52 week high, 11.5 cents on only 1,000 shares.



To: Goose94 who wrote (13144)5/10/2016 11:47:15 AM
From: Goose94Read Replies (2) | Respond to of 202925
 
Prism Res. (PRS.H-V) May 10, '16 announces a non-brokered private placement, pursuant to which the Company will issue a minimum of 10,000,000 units consisting of one common share and one half of one common share purchase warrant at a price of $0.10 per Unit to raise gross proceeds of approximately $1 million. There is no maximum number of Units proposed to be distributed. Each warrant will have an exercise price of $0.13 per common share and will be exercisable for a period of three years.

The Company may pay finder's fees in cash and in units consisting of one common share and one common share purchase warrant to certain qualified finders as determined by management in compliance with policies of the NEX board of the TSX Venture Exchange.

Assuming the minimum of $1 million is raised pursuant to the Financing, approximately 80% of proceeds will be used to finance the exploration of the Company's Huampar Project in Peru, with the remaining 20% being used for working capital of the Company. If proceeds in excess of the minimum $1 million are raised, the proceeds of the Financing being used for general working capital requirements of Prism will increase proportionally.

There is no material fact or material change related to Prism that has not been generally disclosed.

The Financing remains subject to exchange approval.

About Prism

Prism Resources Inc. is a junior exploration corporation listed on the NEX board of the TSX Venture Exchange. Its focus is on earning its 70% interest in the Cerro Oro Project in Colombia and completing the acquisition of the Huampar Project in Peru.

ON BEHALF OF THE BOARD OF DIRECTORS OF PRISM

Robert (Bob) Baxter

Prism Resources Inc.
Robert (Bob) Baxter
+1-778-928-1864
bbaxter@prismresourcesinc.com