10:00 AM EST - Power Ore Inc. : Will close on a non-brokered private placement for aggregate proceeds of $925,000 . Upon closing of the Offering, the Company will issue: 4,684,333 Flow-Through Units at a price of $0.09 per unit for gross proceeds of $421,589.98, where each FT Unit consists of one flow through common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.14 for a period of 24 months from the date of issuance. It will also issue 6,712,134 Units ("Hard Dollar Units") at a price of $0.075 per unit for gross proceeds of $503,410.02, where each Hard Dollar Unit consists of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.14 for a period of 24 months from the date of issuance. Power Ore Inc.
shares V.PORE are trading unchanged at $0.08.
