Sunday, July 1, 2018

Orca Gold Inc. - ORG.v

Orca Gold Inc. - ORG.v is an exploration company focused in North and West Africa. Orca's flagship project is the Block 14 gold project, located in northern Sudan, near the border with Egypt.

A PEA was completed on the Block 14 project in July 2016 and updated in May 2017.

On May 28, 2018 the company released News

Orca Gold Inc. announced today that it has entered into an agreement with Resolute Mining Limited (ASX:RSG) pursuant to which Resolute has agreed to subscribe for 32,364,960 common shares of Orca at a price of C$0.675 per Share for aggregate gross proceeds of approximately C$22,000,000. Following completion of the private placement, Resolute will own 32,364,960 common shares of the Company, representing approximately 15% of the Company on a fully diluted basis.