Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Quebec since 2006.
Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) announces the closing of a first tranche of a non-brokered private placement of a maximum of 16,000,000 flow-through units at a price of $0.07 each, for total gross proceeds of up to CDN $1,120,000.
As many of you are aware, I have been accumulating Explor Resources (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) since June of 2014. A number of Convertible Debentures, and Private Placements have been done to support ongoing operations since that time. President & CEO Chris Dupont has never participated personally in any of those placements.
Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) announces the closing of a first tranche of a non-brokered private placement of a maximum of 3,571,500 units at a price of $0.07 each, for total gross proceeds of up to CDN $250,000. Each unit is composed of one common share and one-half common share purchase warrant.
Fundamentally speaking, management is sound, and infinitely qualified. A major German Investment Fund owns a large position. A major Montreal brokerage firm owns about 8-9% of the outstanding float.
At least two Confidentiality Agreements have been signed with Explor (CVE:EXS) (FRA:E1H1) (OTCMKTS:EXSFF) in the past two months. A couple of other CA's are in legal process.
If you've ever been in a hurricane, there is a pronounced lull, where the winds die down for a few seconds, and everything gets eerily quiet. That lasts for a minute or two, and then the full rage of the storm unleashes. Explor (CVE:EXS) (FRA:E1H1) (OTCMKTS:EXSFF), both in the market for the stock, and corporately, appears to be in such a lull.
Explor Resources Inc. ("Explor" or the "Corporation") (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with the Matachewan First Nation of Matachewan, Ontario and the Mattagami First Nation of Gogama, Ontario (the "First Nations"), with respect to the Montrose Property.
Recently, some opinion suggests that value will see a retracement, representing a great opportunity to buy into physical gold, futures contracts, and gold equities.
All the large, & intermediate GOLD producers in the Timmins, & Duparquet Camps are actively seeking out sensible, & ultimately profitable property acquisitions to ensure feed for their hungry mills.
Mining exploration is a long, and incredibly complex process. Looking at the Company's Timmins Porcupine West gold resource, recent drilling added a lot of credibility to an Open Pit start up scenario.
