Pro Minerals Inc.
Home Latest News January, 2010 Private Placement

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.

Pro Minerals invites the public to visit its website at http://www.promineralsinc.com or e-mail us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to be added to the Company’s e-mail list for press releases and updates.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF PRO MINERALS INC.

 

“Adrian O’Brien”

 

_____________________________

Adrian O’Brien – President/COO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

Stock Info

 
 PRM.V
Date 7/27/2010
Time 12:10pm ET
Trade 0.07
Change 0.00
% Chg 0.00%
Open 0.05
High 0.07
Low 0.05
Volume 0
Intraday 
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Pro Minerals Inc.

1600-543 Granville St.
Vancouver, BC
Canada V6C 1X8
 
Ph.604.608.6168
or 1.800.663-8990
Fx.604.683.8903
 
info@promineralsinc.com

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