March 20, 2008
Medoro Resources Ltd. (TSXV: MRS/AIM: MRL) completed a private placement financing of 30,810,000 units for gross proceeds of $12,324,000. Each unit consists of one common share of the company and one-half of one common share purchase warrant with each whole warrant being exercisable to acquire one common share at a price of $0.60 for a period of two years from the date of closing. GMP Securities L.P. acted as sole agent on the private placement.
Wildeboer Dellelce LLP acted for the agent in connection with the offering with a team that included Perry Dellelce, Sanjeev Patel, Darryl Holyday (corporate/securities) and Kevin Fritz (tax).