By Laura Lutz
Des Moines, Aug. 17 - Oro Silver Resources Ltd. settled its private placement of shares for C$2,968,700, down slightly from the C$2.97 million maximum size announced on July 23.
The company sold 4,947,833 shares at C$0.60 each.
The non-brokered deal priced on July 3 as a C$2.7 million placement of up to 4.5 million shares. It was upsized to 4.95 million shares on July 23.
Proceeds will be used for acquisitions and for the company's projects in Zacatecas, Mexico.
Oro is a silver exploration company based in Vancouver, B.C.
| Issuer: | Oro Silver Resources Ltd.
|
| Issue: | Shares
|
| Amount: | C$2,968,700
|
| Shares: | 4,947,833
|
| Price: | C$0.60
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | July 3
|
| Upsized: | July 23
|
| Settlement date: | Aug. 17
|
| Stock symbol: | TSX Venture: OSR
|
| Stock price: | C$0.75 at close July 2
|
| Stock price: | C$0.72 at close July 23
|
| Stock price: | C$0.55 at close Aug. 16
|
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