Sounds OK to me-
"Orinoco Finalises Funding Package of up
to A$14M for Production Start up at
Cascavel Gold Project.
Key Points:
A key component of the package is an innovative gold sharing arrangement of up to
US$8M with a private Singaporean mining investment group.
The gold sharing arrangement provides upfront development capital in return for a
share of gold production.
Gold sharing is non-dilutive to existing shareholders.
The funding package also includes a A$1M share placement at 7c to clients of Azure
Capital and GMP Securities Australia plus a 1 for 4 non-renounceable Entitlement
Issue, also at 7c, to raise a further A$2.7M (both with attaching options).
Construction at the Cascavel Project to commence immediately upon receipt of
funding.
First gold production targeted for Q4 2015.
OGX Price at posting:
7.2¢ Sentiment: Hold Disclosure: Held