Orestone announces private placement over a million dollars

Orestone announces private placement over a million dollars

18.05.2012 – Orestone Mining Corp. (TSX Venture Exchange–Symbol: ORS) is pleased, the implementation of a non-brokered private placement through brokers to disclose. The placement consists of a maximum 10.000.000 Ordinary shares ("Shares") at a cost of 0,05 $ per share and a maximum 7.142.857 Ordinary shares („Flow-Through-Aktien“) at a cost of 0,07 $ pro Flow-Through-Aktie. In order for a gross proceeds of up to a total of 1.000.000 $ be achieved (the "Private Placement"). Each flow-through share of the company is in flow-through basis under Canadian income tax law (Income Tax Act) issued.

Subject to approval by the Securities and Exchange TSX Venture Exchange (die „Exchange“) and applicable laws, the company at certain independent broker („Arm’s Length Finders“) a Finder's Fee to pay, composed of the following components: (a) a fee, to a cash amount of up to 7 % of the gross proceeds from the private placement corresponds; (b) further be non-transferable Finder's Warrants issued, up in value to 7 % in the number of shares sold under the private placement and / or flow-through shares represent, each Finder's Warrant the holder to acquire one common share of the Company at an exercise price of 0,05 $ or. 0,07 $ right can be exercised within one year from the closing date.

The placement is on or. to the 29. More 2012 or may be concluded on the basis of the company at a later date, the closure of the TSX Venture Exchange has conditionally approved. Some company insiders may participate in the private placement. The proceeds from the offering will be for exploration drilling, the company in the gold-copper porphyry project, Captain performs, and used for general corporate purposes.

The securities of the Company and the Notes to be issued under the private placement securities were respectively. are not under the United States Securities Act of 1933 as amended ("1933 Act") or. the state securities laws and may not be in the United States offered or sold, unless there is a registration or. There is an exemption from such registration under the Act of 1933 and the securities laws in those states.

Über Orestone Mining:

Orestone Mining Corp. is a Canadian company, which has a portfolio of gold- and gold-copper exploration projects on 700 Total square kilometers in British Columbia (Canada) has. Visit the website www.orestone.ca.


David Hottman
President und CEO

For more information, contact: David Hottman, President & CEO E-Mail: info@orestone.ca or Anthony Zelen, Senergy Communications Tele: 778-331-2028 E-Mail: ors@senergyir.com

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:


The TSX Venture Exchange nor its Regulation Services Provider (described in the policies of the TSX Venture Exchange Regulation Services Provider) assume no responsibility for the adequacy or accuracy of this release. This press release has been prepared by management. No regulatory authority has approved the information contained in this press release or disapproved.

This entry was posted in News of the corporations, the rare earth metals and and tagged , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply