Tres-Or Resources Ltd. (TSX: TRS), whose Lapointe diamond exploration project sits 80 kilometres southeast of Timmins, has closed a pair of private placements worth $1-million.
One placement will provide total gross proceeds of $650,000, offering a unit at $0.15 each, consisting of one common share and a share purchase warrant entitling the holder to acquire another common share at a price of $0.22 for 18 months.
A second private placement worth $350,000 involves the sale of flow-through units at $0.18 each, consisting of one flow-through common share and one non-flow-through common share purchase warrant. The warrant allows for the purchase of one non-flow-through common share at $0.27 per share for 18 months.
.jpeg;w=120;h=80;mode=crop)
