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Oro Verde Ltd Announces Non-Renounceable Rights Issue


Wednesday, 10 Jul 2013 11:33pm EDT 

Oro Verde Ltd announced that it intends to undertake a pro rata non-renounceable entitlement issue Entitlement Issue) of one new Share for every one existing Share held by shareholders, at an issue price of $0.0125 per new Share. The Entitlement Issue seeks to raise up to $1,094,780 before costs through the issue of 87,582,417 new Shares. Net proceeds will be used to fund the costs of the Entitlement Issue, provide ongoing funds for exploration at the Company‚Äôs Chilean exploration projects, in particular, advancing the prospective Timon project. The Entitlement Issue is intended to be partially underwritten to $350,000 by two directors of the Company. 

Company Quote

0.0070
0.0010 +16.67%
5 May 2015