Deal via Canaccord raises funds for acquisition of Talca gold property
By Marisa Wong
Madison, Wis., June 21 - Orosur Mining Inc. announced that it completed a private placement of common shares at a price of 66p per share for proceeds of £8.25 million.
The price per share was a 2.94% discount to the June 20 closing share price of 68p.
Canaccord Genuity Ltd. was the agent for the offering.
Proceeds will be used to fund the proposed acquisition of the Talca gold property, Talca exploration and further potential acquisitions and exploration in the Talca district.
Orosur is a Montevideo, Uruguay-based gold producer and exploration company focused on developing gold projects in Latin America.
| Issuer: | Orosur Mining Inc.
|
| Issue: | Common shares
|
| Amount: | £8,250,726
|
| Price: | 66p
|
| Shares: | About 12.5 million
|
| Warrants: | No
|
| Agent: | Canaccord Genuity Ltd.
|
| Announcement date: | June 21
|
| Stock symbol: | TSX Venture: OMI, London: OMI
|
| Stock price: | 68p at close June 20
|
| Market capitalization: | C$73.7 million
|
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