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Gold-Ore Announces a Non-Brokered Private Placement for up to
$3,000,000
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Gold-Ore Resources Ltd. announces a non-brokered private placement to
raise gross proceeds of up to $3,000,000.
Up to 4,477,600 units will be offered at $0.67 per unit. Each unit will
consist of one common share and one-half of one common share purchase
warrant. Each whole warrant will entitle the holder to purchase an
additional common share at a price of $0.90 per share for a period of
24 months from the closing date of the financing.
The Company will pay to arm's length third parties or registered
dealers a finders fee of 6% cash and warrants to acquire that number of
common shares equal to 5% of the units placed, subject to regulatory
approval.
The use of proceeds will be to extend the underground development at
the Bjorkdal Gold Mine in Sweden, advance the newly acquired Norrliden
Project, explore the near-by Ronnberget Property and general corporate
expenses.
For more information please contact Glen Dickson, Bob Wasylyshyn or Ron
Ewing at (604) 687-8884. Bjorkdal property information is posted on the
Company's web site at www.goldoreresources.com
ON BEHALF OF THE BOARD
Glen Dickson, Chairman
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This news
release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work
programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from
those currently anticipated in such statements.
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Copyright (c) 2008 GOLD ORE RESOURCES LTD. (GOZ) All rights reserved.
For more information visit our website at
http://www.goldoreresources.com/ or send mailto:info@goldore.ca
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