AI assistant
Tres-Or Resources Ltd. — Capital/Financing Update 2021
Jan 29, 2021
44207_rns_2021-01-28_7360ab08-a7c5-45c1-b247-6b18fcef9c3d.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [544 x 64] intentionally omitted <==
NEWS RELEASE
TRES-OR PRIVATE PLACEMENT OVERSUBSCRIBED – UNIT OFFERING INCREASED
Vancouver, B.C. – January 28, 2021 - Tres-Or Resources Ltd. (TSX-V: TRS) (the “ Company ”) announces, that further to its news release of December 14, 2020, the Company is pleased to announce that its offering of Common Share Units (the “ CS Units ”) is oversubscribed. The Company has determined to increase the size of the offering of CS Units to 3,831,002 CS Units. The Company expects to close on a further 2,361,001 CS Units (in addition to the 1,470,001 CS Units issued December 31, 2020) for proceeds of $354,150.15. Each CS Unit will be sold at $0.15 per CS Unit and consists of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share for a period of 24 months at a price of $0.20 per common shares. The Company also intends to complete a further closing of its concurrent flow through private placement.
The additional proceeds will also be used solely for Canadian exploration expenses, property-related expenses and for general corporate and working capital.
About Tres-Or Resources Ltd.
Tres-Or Resources Ltd. is a Canadian resource company focused on exploring for diamonds and gold resources in the Témiscamingue and Abitibi regions of Québec and is listed on the TSX Venture Exchange under the trading symbol “TRS”. Additional information related to the Company is available on SEDAR and on the Company’s website (www.tres-or.com ).
On behalf of the Board of Directors
“Laura Lee Duffett”
Laura Lee Duffett, P.Geo. President and CEO
For further information:
Laura Lee Duffett, President & CEO: +1 (604) 541-8376 – [email protected] Website: www.tres-or.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Tres-Or Head Office: 1934 - 131 Street | White Rock, B.C. | Canada V4A 7R7 Tel: 604-541-8376 | Fax: 604-541-8926 | www.tres-or.com
LEGAL_35559661.1