By Sheri Kasprzak
New York, Jan. 13 - Orko Gold Corp. said it has priced a C$1.02 million private placement.
The offering includes 3.4 million units at C$0.30 each.
The units consist of one share and one warrant. The warrants are exercisable at C$0.40 each for one year.
Placement agent Haywood Securities Inc. has an over-allotment option for another 3.4 million units.
Separately, Orko arranged a non-brokered private placement for up to C$1 million. That offering includes 3,333,333 units under the same terms as the brokered deal.
Proceeds from both deals will be used for exploration and working capital.
Also, Orko said it has arranged a C$300,000 bridge financing with a 12% interest rate.
Based in Vancouver, B.C., Orko is a gold exploration company.
Brokered offering
| Issuer: | Orko Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.02 million
|
| Units: | 3.4 million
|
| Greenshoe: | For 3.4 million units
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
| Placement agent: | Haywood Securities Inc.
|
| Pricing date: | Jan. 13
|
| Stock symbol: | TSX Venture: OK
|
| Stock price: | C$0.36 at close Jan. 12
|
|
|
| Non-brokered offering
|
| Issuer: | Orko Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1 million
|
| Units: | 3,333,333
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
| Placement agent: | Non-brokered
|
| Stock symbol: | TSX Venture: OK
|
| Stock price: | C$0.36 at close Jan. 12
|
|
|
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