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ROUYN-NORANDA, CANADA--(Marketwired - Feb. 19, 2016) - Explor Resources Inc. (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) ("Explor" or the "Corporation") is pleased to announce that it has closed a second and last tranche of the non-brokered private placement announced by press release on February 8, 2016. A maximum of 10,000,000 common shares and/or flow-through shares at a price of $0.10 each, for total gross proceeds of up to CDN $1,000,000 were offered pursuant to this private placement. Each share is accompanied of one-half of a share purchase warrant, one whole warrant and $0.15 being required for the acquisition of one common share of the Corporation at the latest 24 months from each closing (the "Private Placement"). |
