Oro Mining Completes Brokered Private Placement
Oro Mining Ltd. (“Oro Mining” or the “Company”) (TSX VENTURE:OGR) is pleased to announce that it has closed its private placement financing previously announced on February 2, 2012 and February 15, 2012 (the “Private Placement”). The Company issued 71,837,000 units for aggregate gross proceeds of $7,902,070. Each unit, priced at $0.11, consists of one common share and one-half of one non-transferable common share purchase warrant; each whole warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.20 until February 17, 2014.