PRO-OR : $700,000 Private Placement and Drilling Program Results.MONTREAL -- RESSOURCES MINIERES PRO-OR INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :POI) is pleased to announce that it has received all the necessary regulatory approvals to complete a $700,000 Private Placement. Subscribed by accredited investors, the Placement consists in the issuance of 700,000 units: 560,000 units consist in one (1) flow-through class A share and one half Class A share purchase warrant, and 140,000 units consisting of one (1) Class A share and one half Class A share purchase warrant. Each complete Class A Share purchase warrant gives the holder the right to acquire an additional Class A share at a price of $1.25 until December 31, 2005. The recent Menarik property diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program has been completed. The purpose of this program was to confirm and increase the Chrome and PGM PGM Program PGM Pragmatic General Multicast PGM Phosphoglucomutase PgM Program Manager PGM Platinum Group Metal PGM Pagemaker (software) PGM Portable Gray Map PGM Precision Guided Munition (Platinum Group Metals) resourcesassociated with the Cr-1 and Cr-16 ore bodies, which had been uncovered during previous drilling campaigns. The program geologist Mr. Yvan Bussieres has confirmed that 12 of the 13 drill holes intercepted the Cr-16 ore body while 8 intercepted Cr-1. Cr-16 has been confirmed as bottoming out at a minimum vertical depth of 282 metres while Cr-1 ended at 188 m. The majority of the intersections were between 9 to 20 m. in of thickness and one was observed on over 44 m. thick. The drilling program will resume in March and April, 2005, with an objective of an additional 2000 m of drilling to be completed once the Cr-1 and Cr-16 assays from the fall program have been received and analyzed.The Company is also planning to drill other promising chromiferous sequences amongst the 30 found within the property. The Company's drill program was initiated to increase the resources which will be used to supply feedstock to the planned extraction plant Pro-Or is looking to locate close to the Menarik property and which will use Pro-Or's proprietary Chromite chromite (krō`mīt), dark brown to black mineral. It is an iron-chromium oxide, FeCr2O4, with traces of magnesium and aluminum. and PGM extraction technology developed jointly with INRS INRS Institut National de la Recherché Scientifique INRS Institut National de la Recherche et de la Sécurité (French National Research and Safety Institute) INRS It's Not Rocket Science (slang and also a web site) . The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for adequacy or accuracy of this release. RESSOURCES MINIERES PRO-OR INC. (TSX VENTURE:POI) |
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