By Sheri Kasprzak
New York, Feb. 14 - Orko Gold Corp. said it has arranged a private placement for C$3,255,000.
The non-brokered offering includes up to 9.3 million units at C$0.35 each.
The units consist of one share and one warrant. The warrants are exercisable at C$0.50 each for 18 months.
Proceeds will be used for exploration and development of the company's La Preciosa and Santa Monica properties in Mexico. The rest will be used for working capital.
Based in Vancouver, B.C., Orko is a gold exploration company.
| Issuer: | Orko Gold Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$3,255,000
|
| Units: | 9.3 million
|
| Price: | C$0.35
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.50
|
| Placement agent: | Non-brokered
|
| Pricing date: | Feb. 14
|
| Stock symbol: | TSX Venture: OK
|
| Stock price: | C$0.46 at close Feb. 14
|
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