Aloro Announces Private Placement

aloro_news_release_announcing_private_placement_-_apri

ALORO MINING CORP. – (the “Company”) announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing (the “Financing”) of up to 16,000,000 units (each, a “Unit”) at a price of $0.025 per Unit for gross proceeds of up to $400,000.  Each Unit consists of one common share of the Company (each, a “Share”) and one share purchase warrant (each, a “Warrant”). One Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of $0.05 per Share for a period of one year from closing of the Financing.  Insiders may participate in the Financing.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s