RE:OREA, Montagne d'Or - The art of delay.For those interested. For me, there is only one piece of news I am waiting for and its not about further dilution at rock bottom prices.
GLTA - https://twitter.com/EarthsRare
VANCOUVER, BC, Jan. 26, 2022 /CNW/ - Orea Mining Corp. ("Orea") (TSX: OREA) (OTCQX: OREAF) (FSE: 3CG) is pleased to announce that it has closed its non-brokered private placement (the "Private Placement") previously announced on January 18, 2022.
Orea Mining Corp. Logo (CNW Group/Orea Mining Corp.)
The Private Placement was oversubscribed, raising gross proceeds of CAD$800,000 through the issuance of 6,666,667 units at a price of CAD$0.12 per unit. Each unit is comprised of one common share of Orea (a "Share"), and a half warrant. Each full warrant entitles the holder, on exercise, to purchase one Share at a price of CAD$0.18 for a period of 18 months from the closing date of the Private Placement. An aggregate of 291,067 shares and CAD$12,672 has been paid in finders' fees. The securities issued in the Private Placement are subject to a hold period expiring on May 26, 2022.
Orea intends to use the proceeds of the Private Placement for general working capital purposes.