This may explain the drop in share price over the last two days. A very good sign to be able to raise this money during these times. Also includes an acceleration clause.

BK

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Oro Gold Announces Non-brokered Private Placement

Oro Gold Resources Ltd. announces that it intends to complete a non-brokered private placement of up to 4 million units at a price of $0.25 per share for proceeds of up to $1,000,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of $0.40 per share for the first year and $0.50 for the second year from the date of closing, subject to acceleration in the event the Company’s share price is greater than $0.75 for ten or more consecutive trading days at any time after the date that is four months after the date of issuance of the warrants. The units issued will be subject to a four-month hold period from the closing date.

(see website for complete release.)