Latest News January, 2010
January, 2010
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.