Deal sells 7,677,674 shares at C$0.43 apiece to fund working capital
By Marisa Wong
Morgantown, W.Va., Aug. 27 – Eco Oro Minerals Corp. announced it closed its non-brokered private placement of common stock, raising C$3.3 million.
The company sold 7,677,674 common shares at C$0.43 per share.
On Aug. 17 the company announced plans for a C$3.5 million private placement of stock. The company had said it would sell 8,139,535 common shares at C$0.43 per share. The price per share is a 17.31% discount to C$0.52, the Aug. 14 closing share price.
Proceeds will be used for general working capital purposes.
The precious metals exploration and mining company is based in Vancouver, B.C.
| Issuer: | Eco Oro Minerals Corp.
|
| Issue: | Common shares
|
| Amount: | C$3,301,399.82
|
| Shares: | 7,677,674
|
| Price: | C$0.43
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 17
|
| Settlement date: | Aug. 26
|
| Stock symbol: | Toronto: EOM
|
| Stock price: | C$0.44 at close Aug. 25
|
| Market capitalization: | C$38.64 million
|
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