(TheNewswire)
Timmins, Ontario , TheNewswire, January 17 2023 - Melkior Resources Inc.(“ Melkior ” or the “ Company ”) (TSXV:MKR) (OTC:MKRIF)is pleased to announce it has closed the final tranche of anon-brokered private placement (the “ Private Placement ”) for gross proceeds of C$31,300, subjectto final TSX Venture Exchange (the “ TSXV ”) approval. Agnico Eagle Mines has exercised itsanti-dilution rights and subscribed for 156,500 common shares of thefinancing. The Company’s first tranche of $600,000 closed onDecember 23, 2022 resulting in the issuance of 2,500,000 flow throughcommon shares.
The Company issued 156,500 common shares at a price of $0.20 percommon share for gross proceeds of $31,300.
Jonathon Deluce, CEO of Melkior, remarks, “Weappreciate the continued support from Agnico Eagle and ourinstitutional shareholder which positions the Company well for 2023with over $2.3M in working capital and only 27.1M shares outstanding.We look forward to continuing work at Genex, updates from ourpartnership at Carscallen and potential property acquisitions in2023.”
Proceeds of the Private Placement will be used for general workingcapital. The Company did not issue finders’ fees on this financing.
All securities issued under the Private Placement will have a holdperiod of four months and one day from closing.
ONBEHALF OF THE BOARD
Jonathon Deluce, CEO
For more information, pleasecontact:
Melkior Resources Inc.
E-mail: info@melkior.com
Tel: 226-271-5170
The reader is invited to visit Melkior's web site www.melkior.com.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the
TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
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