Non-brokered offering garners participation from Pan American Silver
By Devika Patel
Knoxville, Tenn., Sept. 21 - Orko Silver Corp. said it has completed a C$1.16 million non-brokered private placement of stock to about C$14 million. The deal priced for C$1.41 million on Sept. 8.
The company sold 700,000 common shares to a group of European investors and Pan American Silver Corp. at C$1.65 per share. The price is a 7.3% discount to C$1.78, the Sept. 7 closing share price.
Proceeds will be used for general corporate purposes.
Orko Silver is a Vancouver, B.C., gold and silver exploration and development company.
| Issuer: | Orko Silver Corp.
|
| Issue: | Common shares
|
| Amount: | C$1,155,000
|
| Shares: | 700,000
|
| Price: | C$1.65
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Pan American Silver Corp.
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 21
|
| Stock symbol: | TSX Venture: OK
|
| Stock price: | C$1.78 at close Sept. 7
|
| Market capitalization: | C$207.53 million
|
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