|
| Home : Oroco Closes First Tranche of Non-Brokered Private Placement |
|
Dec 14
2012 |
Oroco Closes First Tranche of Non-Brokered Private Placement |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 13, 2012) - Oroco Resource Corp. (TSX VENTURE:OCO) ("Oroco" or "the Company") today announces that it has closed the first tranche of a non-brokered private placement financing (the "Financing") previously announced by news release dated November 19, 2012. The Company has raised gross proceeds of $654,250 in this first tranche closing through the sale of a total of 3,271,250 units at a price of $0.20 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months at a price of $0.35 per share. The securities issued in connection with this private placement will be subject to a four-month hold period in accordance with applicable Canadian Securities Laws. Finder's fees of $31,775 have been paid in connection with the closing of the first tranche. |
|
|
|
| Source:http://www.marketwire.com/mw/release.do?id=1737630&sourceType=3 |
| |
|
Related News
|
» Best MLM Companies 2013 Has To Offer Likely To Be Health Related
» Banks Island Gold Ltd. Increases Flow-Through Common Share Financing to $3,200,000
|
|
|
