New Issue: Oriental Minerals seals C$6.6 million placement of equity units

By Devika Patel

Knoxville, Tenn., Dec. 17 - Oriental Minerals Inc. said it concluded a C$6.6 million private placement of units.

The company sold 82.5 million units at C$0.08 apiece. Each unit consists of one common share and one half-share warrant, with each whole warrant exercisable at C$0.12 until Dec. 17, 2011.

Oriental is a mining company based in Vancouver, B.C.

Issuer:	Oriental Minerals Inc.
Issue:	Units of one common share and one half-share warrant
Amount:	C$6.6 million
Units:	82.5 million
Price:	C$0.08
Warrants:	One half-share warrant per unit
Warrant expiration:	Dec. 17, 2011
Warrant strike price:	C$0.12
Settlement date:	Dec. 17
Stock symbol:	TSX Venture: OTL
Stock price:	C$0.10 at close Dec. 17
Market capitalization:	C$9.13 million

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