Tres-or Closes Unit Private Placement
December 20, 2010
NEWS RELEASE
TRES-OR CLOSES UNIT PRIVATE PLACEMENT
Tres-Or Resources Ltd. (the “Company”) announces that it has completed a private placement of 3,666,666 units (the “Units”) at $0.15 per Unit, for total gross proceeds of $550,000 (the “Offering”). Each Unit is comprised of one common share and one-half of a share purchase warrant with each whole warrant entitling the holder to acquire a further common share at a price of $0.18 for a term of 12 months. A cash finder’s fee of $2,812.50 was paid in connection with this Offering.
Proceeds from the private placement will be used to advance the Company’s exploration projects and for general working capital.
The securities issued pursuant to this Offering will be subject to a hold period expiring April 17, 2011.
On behalf of the Board of Directors,
“Laura Lee Duffett”
Laura Lee Duffett President and CEO Contact: Brian Biles, Corporate: Ph: 604-688-8700 Email: [email protected] Website: www.tres-or.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
About Tres-Or Resources Ltd.:
Tres-Or Resources Ltd. (TSX Venture: TRS) is a Canadian resource company exploring gold and precious metals projects and diamond assets in Ontario and Quebec. The experienced team has proven success in exploration through to discovery and mine development. Additional information related to the Company is available at: www.tres-or.com .
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