By Laura Lutz
Des Moines, Jan. 16 - Gold-Ore Resources Ltd. priced a private placement of units for up to C$6.72 million.
The company intends to sell up to 12 million units of one share and one half-share warrant at C$0.56 per unit. Each whole warrant will be exercisable at C$1.00 for 18 months.
Proceeds will be used for feasibility testing at the company's Bjorkdal gold mine in Sweden and for working capital.
The deal will be non-brokered.
Gold-Ore is a gold mining and exploration company based in Vancouver, B.C.
Issuer: | Gold-Ore Resources Ltd.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$6.72 milion
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Units: | 12 million
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Price: | C$0.56
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Warrants: | One half-share warrant per unit
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Warrant expiration: | 18 months
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Warrant strike price: | C$1.00
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Placement agent: | Non-brokered
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Pricing date: | Jan. 16
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Stock symbol: | TSX Venture: GOZ
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Stock price: | C$0.76 at close Jan. 15
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