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.
The Company is also pleased to announce that further to its news release of October 21, 2011, the Company has completed a private placement of 6,400,000 units at a price of $0.05 per unit for total proceeds of $320,000. Each unit consists of one common share and one share purchase warrant entitling the holders to purchase one additional common share of the Company at a price of $0.10 per share for a period of 5 years ending October 28, 2016.
ON BEHALF OF THE BOARD OF DIRECTORS
OF PRO MINERALS INC.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
Neither the 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.
