By Devika Patel
Knoxville, Tenn., Dec. 6 - Gold Resource Corp. announced it has settled a $21.6 million private placement of stock.
The company sold 5.4 million restricted common shares at $4.00 apiece.
Proceeds will be used for the construction of the company's El Aguila project in Oaxaca, Mexico.
Denver-based Gold Resource is a gold and silver exploration and development company.
| Issuer: | Gold Resource Corp.
|
| Issue: | Restricted common shares
|
| Amount: | $21.6 million
|
| Shares: | 5.4 million
|
| Price: | $4.00
|
| Warrants: | No
|
| Settlement date: | Dec. 6
|
| Stock symbol: | OTCBB: GORO
|
| Stock price: | $4.40 at close Dec. 5
|
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