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Published on 11/1/2005 in the Prospect News PIPE Daily.

New Issue: Orko Gold prices C$4 million private placement of units

By Sheri Kasprzak

New York, Nov. 1 - Orko Gold Corp. said it negotiated a private placement for up to C$4 million.

The non-brokered offering includes up to 10 million units at C$0.40 each.

The units are comprised of one share and one half-share warrant. The whole warrants allow for the purchase of another share at C$0.50 each for the first year and C$0.60 each for the second year.

The expiry of the warrants may be accelerated to 30 days if the company's stock trades above C$1.00 for more than 10 consecutive trading days.

Proceeds will be used for phase III drilling on the company's Mexican mineral properties and working capital.

Based in Vancouver, B.C., Orko is a gold exploration company.

Issuer:Orko Gold Corp.
Issue:Units of one share and one half-share warrant
Amount:C$4 million
Units:10 million
Price:C$0.40
Warrants:One half-share warrant per unit
Warrant expiration:Two years
Warrant strike price:C$0.50 for the first year; C$0.60 for the second year
Placement agent:Non-brokered
Pricing date:Nov. 1
Stock price:C$0.425 at close Nov. 1

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