Pro Minerals Inc.
Private Placement
Vancouver, BC – October 21, 2011
Pro Minerals Inc. (TSX.V Symbol – “PRM”), and it’s Board Of Directors are pleased to announce that the Company has arranged, subject to regulatory approval, a private placement of 6,400,000 units at a price of $0.05 per unit for total proceeds of $320,000.00. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company for a period of 5 years at a price of $0.10 per share. The proceeds from the financing will be used for general working capital purposes.
Option To Acquire Gold-Copper Claims
Vancouver, BC – November 10, 2011
Pro Minerals Inc. (TSX.V Symbol – “PRM”) is pleased to announce that it has been granted an option to acquire ten prospective gold-copper mineral claims located in the mining centre of Chibougamau, Quebec. The Company can earn a 100% interest in the Copperville Project by issuing the optionors a total of 1,500,000 shares over a period of two years. The claims are subject to a 3% net smelter return of which the Company may purchase one-half for the sum of $1,000,000 and has the first right of refusal to purchase the balance of the royalty. The acquisition of the claims is subject to acceptance by the TSX Venture Exchange.
Drilling Commences – Trench Sampling Completed Lac Laura Gold Project - Quebec
Vancouver, BC – December 7th, 2011
Pro Minerals Inc. (TSX Symbol“PRM”); and its Board of Directors are pleased to announce that the Company has commenced diamond drilling on its 100% owned Lac Laura Gold Project situated near the mining town of Chapais, Quebec. Pro Minerals has also completed its trench sampling program in this same area and the samples have now been submitted for assaying, with the results pending.
Lac Laura Gold-Copper Project Delivers Positive Sample Results
Vancouver, BC – January 18TH, 2012
Pro Minerals Inc. (TSX.V – PRM) and its Board of Directors are pleased to report that the Company has received positive assay results from the channel sampling portion of its recent stripping, channel sampling, and diamond drilling program carried out on its 100% owned Lac Laura Gold Project; situated near the mining town of Chapais, Quebec. Results from the channel sampling are discussed and detailed below and the results from the drilling portion of the program are yet to be received.
AGM Report
Vancouver, B.C. – Tuesday, October 11th, 2011
Pro Minerals Inc. (TSX.V: PRM); and its Board of Directors are pleased to report that all of Management’s proposed recommendations submitted for approval by the Company’s shareholders at the Company’s Annual General Meeting (“AGM”) held October 11, 2011 were unanimously approved.