Category: Investor’s Corner

San Marco Closes Final Tranche of $420,000 in Private Placement

San Marco Resources Inc. has completed the second and final tranche of its non-brokered private placement of units announced June 20, 2012 by selling 4,200,000 units at $0.10 per unit for gross proceeds of $420,000. The placement was oversubscribed and a total of $720,000 was raised. The proceeds of the placement will be used for continued drill target definition on San Marco’s 100% owned Los Carlos II gold-silver property, drill target identification on its recently acquired Angeles property, and general working capital.

Corex Completes Non-Brokered Private Placement for $1,078,500

Corex Gold Corp. is pleased to advise it has subject to TSX Venture Exchange approval, completed, a non-brokered private placement for 13,481,250 units at a price of $0.08 per Unit. Each Unit consists of one common share and one share purchase warrant. Each Warrant entitles the holder to subscribe for one common share at a price of $0.15 for a period of twenty four months following the closing of the Financing.

Oro Mining Ltd. : Oro Mining Board Reminds Shareholders of its Recommendation to Reject Wexford’s Opportunistic “Lowball” Offer

Oro Mining Ltd is reminding shareholders of its recommendation to reject the opportunistic “lowball” offer by Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited, private hedge funds managed and controlled by Wexford Capital LP, to acquire any and all common shares of Oro at a price of $0.11 per common share, which offer is currently set to expire at 5:00 p.m. (Eastern time) on Thursday, August 9, 2012.

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