10:29 AM EST - Para Resources Inc. : Has closed the Private Placement announced on May 24, in a third tranche of $315,000 or 1,575,000 units. Under all three tranches, the Company has issued 18,649,000 Common Shares and 18,649,000 share purchase warrants. Each Warrant entitles the holder to acquire one common share of the Company for a period of threee years at a price of $0.30, subject to an accelerated expiry if the closing trading price of the Company's shares is greater than $0.40 per share for a period of 10 consecutive trading days. Para Resources Inc.
shares V.PBR are trading up $0.005 at $0.20.
