Non-brokered deal's proceeds help explore Nevada and Oregon properties
By Devika Patel
Knoxville, Tenn., April 19 - Orsa Ventures Corp. said it completed a C$1.75 million non-brokered private placement of stock.
The company sold 11,678,667 common shares at C$0.15 apiece, which is identical to the April 18 closing share price.
Proceeds will be used for exploration and development of the company's Nevada and Oregon mineral properties and for general corporate purposes.
Based in Vancouver, B.C., Orsa is a gold, copper, nickel and platinum explorer.
| Issuer: | Orsa Ventures Corp.
|
| Issue: | Common shares
|
| Amount: | C$1,751,800
|
| Shares: | 11,678,667
|
| Price: | C$0.15
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | April 19
|
| Stock symbol: | TSX Venture: ORN
|
| Stock price: | C$0.15 at close April 18
|
| Market capitalization: | C$3.13 million
|
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