By Sheri Kasprzak
Atlanta, Jan. 18 - Medoro Resources Ltd. wrapped a private placement of shares for C$1 million.
The company sold 7,692,307 shares at C$0.13 each to Orogen Holding Ltd., a subsidiary of Gold Fields Ltd.
Following the transaction, Gold Fields owns 12,692,307 shares of Medoro, or 13.4% of the company's issued and outstanding shares.
Medoro is a Toronto-based gold exploration and development company. It plans to use the proceeds from the deal to defray costs associated with due diligence being carried out by the company on a potential opportunity in Europe.
| Issuer: | Medoro Resources Ltd.
|
| Issue: | Stock
|
| Amount: | C$1 million
|
| Shares: | 7,692,307
|
| Price: | C$0.13
|
| Warrants: | No
|
| Investors: | Orogen Holding Ltd. (subsidiary of Gold Fields Ltd.)
|
| Settlement date: | Jan. 18
|
| Stock price: | C$0.12 at close Jan. 18
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
