Torex Gold Reports Second Quarter Results

Torex Gold Resources Inc. (TSX:TXG) announced today its financial results for the three and six months ended April 30, 2010.

The press release is quoted as saying:

During the quarter ended April 30, 2010, the Company completed a public offering of 50 million common shares issued at a price of $1.00 per common share for gross proceeds of $50 million. After deducting the agents’ fees and expenses of the offering, the Company received net proceeds of $47 million. On February 24, 2010, the Company acquired, from a subsidiary of Goldcorp Inc., the remaining 21.2% of the Morelos Gold Project, for $52 million.

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