Warrants from July 10, 2008 FinancingThe $1.00 warrants would have expired last week.
Macquarie paid 55 cents a share and let the $1.00 warrants expire last week. I highly doubt they exercised any of the 75 cent warrants and I have zero doubt that they unloaded all of the 55 cent shares during the run over a dollar.
Now they're holding common shares priced at 40 cents, plus warrants and options - presumably priced at the same level. For 'our' sake, let's hope they get to double their money this time around as well.
From their July 10, 2008 News Release:
Oro Gold Completes First Closing of Non-brokered Private Placement
Oro Gold Resources Ltd. (“Oro Gold”) (TSX-V: OGR) has completed a first closing of a non-brokered private placement announced June 10, 2008. Under the first closing, Oro Gold issued 2.9 million units at a price of
.55 per unit, for gross proceeds of $1.587 million. Oro Gold intends to complete a second closing of the previously announced private placement shortly.
Each unit consists of one common share and one-half of one common share purchase warrant, each whole warrant entitling the holder to purchase one additional common share of Oro Gold at a price of
.75 per share for the first year and $1.00 per share for the second year after the date of issuance.