-- Posted Monday, 28 May 2012 | | Disqus

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 2, 2012.

Number of shares:7.5 million shares Purchase price:10 cents per share Warrants:7.5 million share purchase warrants to purchase 7.5 million shares Warrant exercise price:20 cents for an 18-month period Number of placees:16 placeesInsiders:Charles G. Troup, one million; Michael W. Byrne Ltd. (Michael W. Byrne), 1,625,000; 507784 B.C. Ltd. (Al Fabbro), 400,000 Finders' fees:Canaccord Genuity Corp. will receive $800 in cash and 10,000 finder compensation options, exercisable for a period of 18 months at 20 cents into 10,000 common shares, and 10,000 finder warrants, having the same terms as the warrants issued in the private placement; Presidio Financial Services Inc. will receive $22,200 in cash and 277,500 finder compensation options, exercisable for a period of 18 months at 20 cents into 277,500 common shares, and 277,500 finder warrants, having the same terms as the warrants issued in the private placement.

Contact:

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)
ebearss@galoreresources.com
www.galoreresources.com

-- Posted Monday, 28 May 2012 | Digg This Article | Source: GoldSeek.com

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