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Provider: Reuters Investment Profile
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Provider: Thomson Reuters Stock Report
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Provider: Thomson Reuters Stock Report
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Provider: Thomson Reuters Stock Report
$25.00

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ORINOCO GOLD Ltd Raises $3.6 Million In Heavily Oversubscribed Share Placement


Sunday, 12 May 2013 09:32pm EDT 

ORINOCO GOLD Ltd announced that it has received firm commitments for a placement of 14.5 million shares at 25 cents each to raise approximately $3.6 million before costs (Placement) to underpin ongoing exploration programs at Faina Goldfields Project in central Brazil. The share placement is being undertaken predominantly to institutional and high net worth clients of the Lead Manager, Canaccord Genuity (Australia) Limited (Canaccord). The funds raised will be used to continue exploration activities at the Company‚Äôs Brazilian exploration projects located in the Faina Goldfields, as well as to fund the costs of the issue and for general working capital purposes. 

Company Quote

0.074
0.012 +19.35%
19 Dec 2014