Melkior Resources Inc.
TSX VENTURE: MKR
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Dec 17, 2009 15:14 ET
Melkior Closes $6M Private Placement
OTTAWA, ONTARIO--(Marketwire - Dec. 17, 2009) -
Melkior Resources Inc. (TSX VENTURE:MKR)("Melkior" or the "Company") is pleased to announce the second and final closing today of a private placement which brings the total gross proceeds raised to $6,059,502. This financing permits Melkior to substantially advance and deepen its drilling on its promising 100% owned West Timmins Carscallen Gold property which adjoins Lake Shore Gold Corp. A Carscallen budget of approximately $3 million is planned. Funds will also be made available to explore and drill its 100% owned East Rim Nickel property in the "Ring of Fire" in Northern Ontario. A budget of $1.5 million is planned for