By Devika Patel
Knoxville, Tenn., June 18 - Gold-Ore Resources Ltd. said it has arranged a non-brokered private placement of units for C$3 million.
The company will sell 4,477,600 units of one common share and one half-share warrant at C$0.67 per unit. Each whole warrant will be exercisable at C$0.90 for two years.
Proceeds will be used to extend the underground development at the Bjorkdal Gold Mine in Sweden, advance the newly acquired Norrliden Project, explore the nearby Ronnberget Property and general corporate expenses.
Gold-Ore is a gold mining and exploration company based in Vancouver, B.C.
| Issuer: | Gold-Ore Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2,999,992
|
| Units: | 4,477,600
|
| Price: | C$0.67
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.90
|
| Agent: | Non-brokered
|
| Pricing date: | June 18
|
| Stock symbol: | TSX Venture: GOZ
|
| Stock price: | C$0.69 at close June 17
|
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