| ||January 12, 2005|
Orko Announces $165,000 Private Placement
| ||Orko announces that it has arranged, subject to all necessary regulatory approvals, a Private Placement of 1,100,000 units at a price of $0.15 per unit for total proceeds of $165,000. Each unit consists of one common share and one non-transferable share purchase warrant. Each share purchase warrant shall be exercisable for a period of two years at a price of $0.15 per share if exercised in the first year and at a price of $0.20 per share if exercised in the second year. The net proceeds of the Offering will be used for current working capital and ongoing exploration on the Company's properties. The Company will pay a finder's fee to certain finders in accordance with the policies of the TSX Venture Exchange, in cash or units. The securities issued under the Private Placement will be subject to a four-month hold period from closing.|
For further information on Orko, please visit our web site at www.orkogold.com or contact us at [email protected]
ON BEHALF OF THE BOARD OF DIRECTORS
ORKO Gold Corporation
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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