Scintilore funds

Scintilore Explorations (TSE) says it has reached agreement-in-principle with an investor to raise $1.05 million by way of a private placement. The placement would consist of 1,050,000 common shares at $1 per share, with warrants entitling the investor to purchase the same number of shares at $1.15 per share. The placement is subject to completion of a written subscription agreement and regulatory approval.