By Angela McDaniels
Tacoma, Wash., Sept. 25 - Mexoro Minerals Ltd. completed a $1.8 million private placement of units on Sept. 21, according to an 8-K filed with the Securities and Exchange Commission on Friday.
The company sold 9 million units for $0.20 each. Each unit consists of one share of common stock and one warrant.
The two-year warrants have an exercise price of $0.30.
Andean Invest Ltd. is the agent.
Mexoro Minerals is an exploration-stage precious metals company based in Chihuahua, Mexico.
| Issuer: | Mexoro Minerals Ltd.
|
| Issue: | Units of one share and one warrant
|
| Amount: | $1.8 million
|
| Units: | 9 million
|
| Price: | $0.20
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $0.30
|
| Agent: | Andean Invest Ltd.
|
| Settlement date: | Sept. 21
|
| Stock symbol: | OTCBB: MXOM
|
| Stock price: | $0.36 at close Sept. 21
|
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