| ||January 19, 2006|
Orko Announces Over-Subscription of Non-Brokered Private Placement
| ||VANCOUVER, British Columbia - Orko Gold Corporation ("Orko" or the "Company") - Further to the Company's news release of January 13, 2006, the Company announces that it has over-subscribed the non-brokered portion of its private placement by $150,000. Accordingly, the non-brokered portion of the private placement has increased by 500,000 units from 3,333,333 units to 3,833,333 units for gross proceeds of $1,150,000. All other terms of the placement remain the same.|
The private placement is subject to the acceptance of the TSX Venture Exchange.
Orko is an exploratory resource company focused on silver and gold properties in Mexico. La Preciosa, the Company's principal project, located near the city of Durango, is an advanced silver and gold project under option from Luismin S.A. de C.V., a subsidiary of Goldcorp Inc.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, please contact Orko Gold Corp. at (604) 684-4691 or
Via email at [email protected] or visit our website on line at www.orkogold.com
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.
You can view the Next News Releases item: Thu Jan 19, 2006, Orko Completes 22 Million Ounce Silver Resource Estimate
You can view the Previous News Releases item: Fri Jan 13, 2006, Orko Arranges Private Placement
You can return to the main News Releases page, or press the Back button on your browser.