ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

ORN Orsa Ventures Corp.

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Orsa Ventures Corp. TSXV:ORN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Orsa Increases Private Placement to $600,000

16/08/2011 5:57pm

Marketwired Canada


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Orsa Ventures Corp. (the "Company") (TSX VENTURE:ORN) is pleased to announce it
has increased the previously announced (August 4, 2011) private placement for up
to 6,000,000 common shares (each a "Share") at a price of $0.10 per Share (the
"Financing") for gross proceeds of $600,000.


Further the Company wishes to clarify the proceeds of the Financing will be used
to fund the exploration and development of the Company's Nevada mineral
properties, and for general corporate purposes. Finders' fees in cash or
warrants may be payable in accordance with the policies of the Exchange.


Completion of the Financing is subject to the receipt of all necessary
regulatory approvals, including the approval of the TSX Venture Exchange. All
securities issued in the Financing will be subject to a hold period under
applicable securities laws expiring four months and one day following issuance.


On behalf of the Board of Directors,

Linda Thorstad, President and Chief Executive Officer

This press release is not an offer to sell or the solicitation of an offer to
buy the securities, nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to qualification or registration under the securities laws of such jurisdiction.
The securities being offered have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and such securities may
not be offered or sold within the United States absent an applicable exemption
from U.S. registration requirements.


FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or "will" occur, and
include, without limitation, statements regarding the Company's plans with
respect to the closing of the Financing and the use of proceeds thereof. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ materially
from estimated or anticipated events or results implied or expressed in such
forward-looking statements. Any forward-looking statement speaks only as of the
date on which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events
or results or otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein.


1 Year Orsa Ventures Corp. Chart

1 Year Orsa Ventures Corp. Chart

1 Month Orsa Ventures Corp. Chart

1 Month Orsa Ventures Corp. Chart

Your Recent History

Delayed Upgrade Clock