Galore Increases Flow-Through Offering

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/08/11 -- Galore Resources Inc. (TSX VENTURE: GRI) announces that, it increased the size of the flow-through private placement initially announced in its news release dated November 4, 2011. A total of up to 2,699,334 flow-through shares will be issued at a price of $0.15 per flow-through share for a total of $404,910.

Finders fees may be payable in connection with the private placement in accordance with the policies of the TSX Venture Exchange. The proceeds from the private placement will be used to finance exploration work on the Company's Taseko property in Southwestern British Columbia.

Galore Resources is a British Columbia-based exploration company that has assembled a leading group of industry professionals to acquire and explore for promising deposits with an emphasis on gold in Mexico and base metals in British Columbia.

Michael W. Byrne, President

"Explore. Drill. Discover."

Cautionary Note Regarding Forward-Looking Information: The Company expressly warns readers not to rely on the information herein for investment or other related purposes. Accordingly, any use of this information is at your own risk and without liability to the company. The information contained herein is not, and under no circumstances is to be construed as either a public or a private offer or solicitation to purchase securities in the capital stock of Galore Resources Inc. The reader is referred to his/her professional investment advisor regarding investment or related decisions respecting the securities of the company.

No securities commission or similar regulatory authority has passed on the merits of or reviewed the information contained herein. Neither the 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.

Contacts:
Galore Resources Inc.
Erica C Bearss, MBA
Vice President Corporate Communications
604-647-2298 or Toll Free: 1-877-647-2298
604-647-0086 (FAX)

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 09.12.2011 - 00:28 Uhr
Sprache: Deutsch
News-ID 95408
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VANCOUVER, BRITISH COLUMBIA

Kategorie:

Mining & Metals

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