Brionor Announces the Closing of a Non-Brokered Private Placement
29 August 2011 - 11:14PM
Marketwired Canada
Brionor Resources Inc. ("Brionor" or the "Company") (TSX VENTURE:BNR) is pleased
to announce that it has completed a non-brokered private placement by issuing
7,596,9858 units (the "Units") at a price of $0.07 per Unit for gross proceeds
of $531,780.06. Each Unit consists of one common share of the Company (a "Common
Share") and one-half common share purchase warrant. Each whole warrant entitles
its holder to acquire one additional Common Share of the Company at a price of
$0.12 until February 26, 2013.
All securities issued in the private placement are subject to a four month hold
period expiring on December 27, 2011.
Brionor is a junior mining exploration company with a portfolio of exploration
projects including the 100% owned Pitt Golf Project in Quebec.
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