Brionor Announces Closing of Private Placement Financing
PRESS RELEASE FOR IMMEDIATE RELEASE AUGUST 15, 2014 TSX-V: BNR
BRIONOR ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING
- NOT FOR DISTRIBUTION TO UNITED STATED NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES -
Toronto, Ontario, August 15, 2014 - Brionor Resources Inc. (“Brionor” or the “Company”) (TSX-V: BNR) is pleased to announce that it has closed its previously announced non-brokered private placement (see press release dated July 15, 2014) for gross proceeds of $250,000 (the “Offering”). Under the terms of the Offering, the Company issued 12,500,000 common shares at a price of $0.02 per common share. Directors and officers of the Company subscribed to the Offering for aggregate gross proceeds of $54,146.50.
No commission or finder’s fee was paid by the Company in connection with the Offering.
All securities issued in connection with the Offering are subject to a regulatory hold period of four (4) months and one (1) day expiring on December 16, 2014. The Offering is subject to the final approval of the TSX Venture Exchange.
Brionor is a junior mining exploration company with a portfolio of exploration projects in Québec.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brionor Resources Inc.
Lewis Lawrick, President & CEO: 647-478-5307 Robert Ayotte, Executive Chairman: 450-441-9177
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.