By Sheri Kasprzak
New York, May 22 - Orko Silver Corp. settled a C$2,714,000 private placement.
The non-brokered deal included 4.6 million units of one share and one half-share warrants at C$0.59 each.
The whole warrants are exercisable for two years at C$0.78 each.
Orko, located in Vancouver, B.C., is a gold and silver exploration and development company.
| Issuer: | Orko Silver Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$2,714,000
|
| Units: | 4.6 million
|
| Price: | C$0.59
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.78
|
| Placement agent: | Non-brokered
|
| Settlement date: | May 19
|
| Stock symbol: | TSX Venture: OK
|
| Stock price: | C$0.67 at close May 19
|
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