New Issue: Medoro takes in C$2.25 million in private placements of units

By Devika Patel

Knoxville, Tenn., Nov. 26 - Medoro Resources Ltd. said it has raised C$2.25 million in a private placement of units. The deal settled on Nov. 22.

The company sold 3,308,809 units at C$0.68 per unit. Each unit consists of one common share and one warrant. Each warrant is exercisable at C$1.00 for two years.

Proceeds will be used for general corporate and working capital purposes.

Toronto-based Medoro is a gold exploration and development company.

Issuer:	Medoro Resources Ltd.
Issue:	Units of one common share and one warrant
Amount:	C$2,249,990.36
Units:	3,308,809
Price:	C$0.68
Warrants:	One warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$1.00
Settlement date:	Nov. 22
Stock symbol:	TSX Venture: MRS
Stock price:	C$0.60 at close Nov. 22

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.