By Devika Patel
Knoxville, Tenn., April 10 - Oro Silver Resources Ltd. said it has arranged a C$3.3 million non-brokered private placement of stock.
The company will sell 5 million common shares at C$0.66 apiece.
Proceeds will be used to define resources and consolidate land positions at Oro Silver's Vetagrande and El Compas projects in Zacatecas, Mexico, and for working capital and general corporate purposes.
Oro is a silver exploration company based in Vancouver, B.C.
Issuer: | Oro Silver Resources Ltd.
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Issue: | Common stock
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Amount: | C$3.3 million
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Shares: | 5 million
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Price: | C$0.66
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Warrants: | No
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Agent: | Non-brokered
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Pricing date: | April 10
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Stock symbol: | TSX Venture: OSR
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Stock price: | C$0.70 at close April 9
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