By Devika Patel
Knoxville, Tenn., April 25 - Oro Silver Resources Ltd. said it is increasing a non-brokered private placement of stock to C$4.29 million. The deal priced for C$3.3 million on April 10.
The company now will sell 6.5 million, up from 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.
|
| Issue: | Common stock
|
| Amount: | C$4.29 million
|
| Shares: | 6.5 million
|
| Price: | C$0.66
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | April 10
|
| Upsized: | April 25
|
| Stock symbol: | TSX Venture: OSR
|
| Stock price: | C$0.70 at close April 9
|
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