Orinoco secures Cascavel funding package

ORINOCO Gold is targeting gold production at its Cascavel gold project in Brazil by the December quarter after announcing a funding package worth up to $A14 million for mine construction.

Orinoco secures Cascavel funding package Orinoco secures Cascavel funding package Orinoco secures Cascavel funding package Orinoco secures Cascavel funding package Orinoco secures Cascavel funding package

The financing package consists of three parts – a $1 million share placement; a rights issue worth up to $2.7 million; and a gold sharing arrangement worth up to $US8 million ($A10.25 million).