By Sheri Kasprzak
New York, Feb. 3 - Orko Gold Corp. has settled two of its previously announced private placements - a brokered deal with a fully exercised greenshoe for C$2.04 million and a non-brokered, oversubscribed offering for C$1,160,200.
In the brokered deal, Orko issued 6.8 million units, including an over-allotment option for 3.4 million units exercised by placement agent Haywood Securities Inc., 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.
In the non-brokered deal, the company sold 3,867,332 units under the same terms.
The two deals were priced Jan. 13 as a C$1.02 million offering of 3.4 million units and a C$1 million offering of 3,333,333 units, respectively.
Proceeds from both deals will be used for exploration and working capital.
Based in Vancouver, B.C., Orko is a gold exploration company.
First offering
| Issuer: | Orko Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$2.04 million
|
| Units: | 6.8 million (includes 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
|
| Settlement date: | Feb. 2
|
| Stock symbol: | TSX Venture: OK
|
| Stock price: | C$0.34 at close Jan. 13
|
| Stock price: | C$0.48 at close Feb. 2
|
|
|
| Second offering
|
| Issuer: | Orko Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1,160,200
|
| Units: | 3,867,332
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.40
|
| Placement agent: | Non-brokered
|
| Pricing date: | Jan. 13
|
| Settlement date: | Feb. 2
|
| Stock symbol: | TSX Venture: OK
|
| Stock price: | C$0.34 at close Jan. 13
|
| Stock price: | C$0.48 at close Feb. 2
|
|
|
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