| ||June 09, 2005|
Orko Announces an Additional Financing of 400,000 Units at $0.27 per Unit
| ||Vancouver, BC, Orko Gold Corporation, ("Orko" or the "Company"), (TSXV-OK). Orko announces an additional financing 400,000 units at $0.27 per unit for a total proceeds of $108,000. Each unit consists of one common share and one-half of a transferable common share purchase warrant. Each whole share purchase warrant is exercisable into one additional common share for a period of two years at a price of $0.35 per share.|
The Company will pay a finder's fee of 8% of the proceeds to certain finders at the closing of the
private placement in consideration of their efforts in arranging the private placement. The commission may be paid in cash or units having the same terms as the Units issued under the offering, at the election of the finders.
The securities issued above will be subject to a four month hold period.
This financing will supplement the financing announced on May 19, 2005, the net proceeds of which will be used to conduct a drilling program on the Company's Mexican properties and for general working capital purposes.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
For further information, please contact the Kottmeier Resolution Group at (604) 689 7422 or via email at [email protected] or the Company at (604) 684-4691 or via email at [email protected]
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
You can view the Next News Releases item: Tue Jun 14, 2005, Orko Gold Hits 1.36 Kg Silver Intersection at La Preciosa; High Grade Veins Further Defined; Drill Contract Increased to 10,000 Metres
You can view the Previous News Releases item: Fri May 20, 2005, ORKO announces $1,000,000 non brokered private placement and withdrawal of Brokered Private Placement with Haywood Securities
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