ALORO MINING CORP. ("AORO")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 29, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on March 20, 2023:
Number of Shares: 2,600,000 shares
Purchase Price: $0.05 per share
Warrants: 2,600,000 share purchase warrants to purchase 2,600,000 shares
Warrant Exercise Price: $0.15 for a two-year period
Number of Placees: 10 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: NA NA
Aggregate Pro Group Involvement: NA NA
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $7,350 NA 147,000
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.05 for a period of 1 year from the date of issuance.
The Company issued a news release on May 9, 2023 confirming closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
________________________________________
|
|
