Latest News December, 2009
News
Exploration Program Initiated On The Discovery Lake Project
Vancouver, BC - Thursday, February 18th 2010, 10:15 am PSTPro Minerals Inc. (TSX.V: PRM); and its Board of Directors are pleased to announce that the Company has now initiated an extensive exploration program on its recently announced Discovery Lake VMS Project. The program is currently underway, and will consist of linecutting, borehole and surface geophysical surveys. The company has engaged Crone Geophysics & Exploration Ltd. to carry out the surveys. This initial program is expected to last approximately 40 days, and once completed the Company will review the data and select targets for a follow-up program which will consist of sampling and diamond drilling.
Pro Minerals Acquires the “Discovery Lake VMS Project”
Vancouver, BC - Tuesday, February 16 2010, 11:15 am PST
Pro Minerals Inc. (TSX.V: PRM); and its Board of Directors are pleased to announce the acquisition of the “Discovery Lake Project”. Over the past several months, Pro has confidentially undertaken a very extensive staking and acquisition campaign that has resulted in the securing of a highly prospective, and underexplored volcanogenic base metal massive sulphide (VMS) belt. The Discovery Lake Project is located in the East Uchi – Petawanga Lake area of Ontario, Canada. At present, Pro minerals is the only active mining company in this belt and the land package encompasses 34 claims, or 11,944 Acres. It spans roughly 16.2 kilometers North to South and 12.4 kilometres East to West. The primary target commodities within the Discovery Lake Project are copper, zinc, gold and silver.
Private Placement
Vancouver, BC - Thursday, January 14th, 2010, 4:00 pm PST
Pro Minerals Inc. (TSX.V: PRM); and its Board of Directors are pleased to announce that the Company has now completed an $847,262.43 Cdn non-brokered, non flow-through, Private Placement through the issuance of 9,414,027 units at a price of $0.09 per unit. Each unit consists of one common share and one 36 month share purchase warrant. Each warrant is exercisable at $0.10 per share if exercised within the first 24 months and at $0.12 if exercised in the remaining 12 months. Finders’ fees may be paid on this transaction, subject to the policies of the TSX Venture Exchange. The proceeds raised will be applied to the Company’s exploration programs as well as general working capital. All shares issued will be subject to a 4 month hold period per the policies of the TSX Venture Exchange. This private placement is subject to the approval of the TSX Venture Exchange.
Trevor Welton R.P.Bio., Added to Pro Minerals’ Advisory Board
Vancouver, BC – Monday, January 25th 2009, 7:30 am PSTPro Minerals Inc. (TSX.V: PRM); and its Board of Directors are pleased to announce the appointment of Trevor Welton R.P.Bio. to the company’s Advisory Board. Mr. Welton is a Registered Professional Biologist with 10 years of experience in the Environmental Resource Management industry, and brings to the Advisory Board a wealth of knowledge with regards to managing, coordinating and reviewing environmental management, mitigation and protection aspects of various projects. His understanding of both provincial and federal environmental legislation will undoubtedly provide Pro Minerals with an unparalleled ability to develop its projects with only the most forward thinking and environmentally sound approach in mind.
Pro Minerals AGM Summary and Financing Update
Vancouver, BC -, Tuesday December 1st, 2009, 12:00 pm PST
Pro Minerals Inc. (TSX.V: PRM); and its Board of Directors are pleased to announce that at the Annual General Meeting of the Company held on November 2, 2009 the shareholders of the Company elected management’s nominees to the board of directors for the following year.
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