Oro Silver announces non-brokered private placement

- September 4th, 2008

Oro Silver Resources Ltd. reports that it intends to complete a non-brokered private placement of up to 1,000,000 units at a price of $0.40 per share for proceeds of up to $400,000. The net proceeds of the private placement will be used to define silver resources and consolidate land positions at Oro Silver’s Vetagrande and El … Continued

Oro Silver Resources Ltd. reports that it intends to complete a non-brokered private placement of up to 1,000,000 units at a price of $0.40 per share for proceeds of up to $400,000.

The net proceeds of the private placement will be used to define silver resources and consolidate land positions at Oro Silver’s Vetagrande and El Compas projects in Zacatecas, Mexico, and for working capital and general corporate purposes. Finder’s fees may be payable in connection with the private placement in accordance with TSX Venture Exchange policy. The above transaction will be subject to regulatory approval.

Oro Silver reports:

the appointment of Mimy Fernandez-Maldonado as the company’s Corporate Secretary. Ms. Fernandez-Maldonado has over 10 years corporate and management experience in public companies and has most recently worked in the mining industry. Prior to joining Oro Silver, she was the Corporate Secretary of seven publicly traded mining and oil & gas companies. She is a member of the Canadian Society of Corporate Secretaries and is fluent in Spanish.

For full details of this press release, click this link. To view Oro Silver’s company profile, click here. Follow developments in silver mining and exploration for free. Sign on to the Silver Investing Newsletter.

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