Galore Increases Flow-Through Offering
December 08 2011 - 6:28PM
Marketwired Canada
Galore Resources Inc. (TSX VENTURE:GRI) announces that, it increased the size of
the flow-through private placement initially announced in its news release dated
November 4, 2011. A total of up to 2,699,334 flow-through shares will be issued
at a price of $0.15 per flow-through share for a total of $404,910.
Finders fees may be payable in connection with the private placement in
accordance with the policies of the TSX Venture Exchange. The proceeds from the
private placement will be used to finance exploration work on the Company's
Taseko property in Southwestern British Columbia.
Galore Resources is a British Columbia-based exploration company that has
assembled a leading group of industry professionals to acquire and explore for
promising deposits with an emphasis on gold in Mexico and base metals in British
Columbia.
Michael W. Byrne, President
"Explore. Drill. Discover."
Cautionary Note Regarding Forward-Looking Information: The Company expressly
warns readers not to rely on the information herein for investment or other
related purposes. Accordingly, any use of this information is at your own risk
and without liability to the company. The information contained herein is not,
and under no circumstances is to be construed as either a public or a private
offer or solicitation to purchase securities in the capital stock of Galore
Resources Inc. The reader is referred to his/her professional investment advisor
regarding investment or related decisions respecting the securities of the
company.
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