By Devika Patel
Knoxville, Tenn., Nov. 26 - Oro Silver Resources Ltd. said it plans a C$2.97 million non-brokered private placement of units.
The company will sell 3.3 million units at C$0.90 apiece. Each unit will consist of one common share and one half-share warrant, with each whole two-year warrant exercisable at C$1.25 for the first year and C$1.50 thereafter.
Proceeds will be used for property acquisitions, exploration and general corporate purposes.
Oro is a silver exploration company based in Vancouver, B.C.
Issuer: | Oro Silver Resources Ltd.
|
Issue: | Units of one common share and one half-share warrant
|
Amount: | C$2.97 million
|
Units: | 3.3 million
|
Price: | C$0.90
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$1.25 for the first year and C$1.50 thereafter
|
Agent: | Non-brokered
|
Pricing date: | Nov. 23
|
Stock symbol: | TSX Venture: OSR
|
Stock price: | C$1.04 at close Nov. 23
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.