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POI

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Share Name Share Symbol Market Type
TSXV:POI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Pro-Or Closes $800,000 Private Placement

22/03/2013 11:00am

Marketwired Canada


Ressources Minieres Pro-Or (TSX VENTURE:POI), which operates a recovery plant
for precious metals of the Platinum Group, is pleased to announce that it has
closed a non-brokered private placement of $800,000. This placement was directed
at qualified investors and was offered in units of $5,000. 


Each unit consists of 50 000 Class A shares at a unit cost of $0.10 per share
and 50 000 warrants exercisable at $0.15 for twelve months from the date of
closing. If the shares of Pro-Or trade at or above $0.25 for a period of more
than 20 consecutive days, the Company may accelerate the expiration of the
warrants following a 30-day written notification. This notification cannot be
issued before the end of the four-month hold period. 


Sylvain Boulanger, President and CEO of Pro-or said: "We welcome our new
shareholders and appreciate their support in our strategy to expand our current
operations and finance autocat feedstock in view of commercial operations."


Intermediate fees amounting to $48,300 are paid in connection with this private
placement. All securities issued in the placement are subject to a four-month
hold period expiring on July 22, 2013. No insiders of the Company participated
in this private placement.


About Pro-Or:

Pro-Or operates an industrial prototype plant for the recovery of Platinum Group
Elements (Platinum, Palladium and Rhodium or PGMs). The plant is located near
Quebec City in St-Augustin-de-Desmaures. Its patented process yields more than
97% recoveries of PGMs, is much less capital extensive but is processed much
more rapidly than conventional plants. Its mission is to sustainably recover
recycled precious metals meeting global standards for the automobile industry.


Pro-Or also holds the mineral rights to six mining properties and has focused
its exploration activities on the Menarik property in the James Bay area, in the
Province of Quebec, the site of a major chromite deposit with occurrences of
gold, nickel, copper and platinum group metals (PGMs).


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sylvain Boulanger, P.Eng.
President & CEO
info@pro-or.com
(514) 849-7336
(514) 849-9260 (FAX)
www.pro-or.com

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