Tres-OR Closes First Tranche of Private Placement
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_31592265.1
NEWS RELEASE
TRES-OR CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
Vancouver, B.C. – July 23, 2019 - Tres-Or Resources Ltd. (TSX-V: TRS) (the “ Company”) is
pleased to announce that, further to its news release of May 28 , 2019, it has closed the first
tranche of its private placement of 773,478 flow-through units (the “ FT Units ” ) a t a p r i c e o f
$0.23 per FT Unit and 2,533,053 non flow-through units (the “ CS Units”) at a price of $0.19 per
CS Unit, for total proceeds of $659,180 (the “Offering”).
Each CS Unit consists of one common share and one common share purchase warrant (a
“Warrant”). Each Warrant entitles the holder to purchase one additiona l common share of the
Company at an exercise price of $0.28 for a period of three yea rs from the date of issue. Each
FT Unit consists of one flow-through common share (a “ FT Share ”) and one-half of one
common share purchase warrant (a “ FT Warrant”). Each whole FT Warrant entitles the holder
to purchase one non-flow-through common share of the Company at an exercise price of $0.40
for a period of one (1) year from the date of issue. The FT Sha res entitle the holder to receive
the tax benefits applicable to flow-through shares, in accordan ce with provisions of the Income
Tax Act (Canada).
The gross proceeds from the issuance of FT Units will be used s olely for Canadian Exploration
Expenses (“CEE”) that are “flow-through mining expenditures” (as such terms a re defined in the
Income Tax Act (Canada)) on the Company's Guigues Project, near Notre Dame du Nord, in
Québec. The net proceeds from the sale of the CS Units will be used to fund exploration, for
property-related expenses, and for general corporate and working capital purposes.
All securities issued under the Offering are subject to a statu tory hold period ending
November 20, 2019 in accordance with applicable Canadian securities laws.
About Tres-Or Resources Ltd.
Tres-Or Resources Ltd. (TSX-V: TRS) is a Canadian resource comp any focused on exploring
for diamond resources in the Témiscamingue region of Québec. Th e Company also has
exposure to certain gold projects in the Abitibi region of Québ ec that have been optioned to
Kiboko Exploration Inc. 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 Pro vider (as the term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.