Ann: Successful Completion of Due Diligence by Chancery, page-2

Leaky ship??
"Successful Completion of Due Diligence
Clears the Way for US$8m of Funding for
Cascavel Development
“The Cascavel gold project is one of the best undeveloped high grade Projects in the market” –
Chancery Asset Management
Key Points:
 Singaporean mining investment group Chancery Asset Management completes
technical due diligence on Orinoco’s 70%-owned Cascavel Gold Project in Brazil to its
satisfaction.
 This satisfies the key Condition Precedent to the innovative gold sharing
arrangement of US$8M to underpin the development of Cascavel.
 Funds will be available for drawdown under this facility by the end of April, enabling
Orinoco to commence mine development at Cascavel at that point.
 Ordering of equipment for the Plant to commence in May, for commissioning of the
Plant in November 2015.
 Orinoco will shortly release a Prospectus and timetable for its previously announced
1-for-4 non-renounceable Entitlement Issue at 7c plus a free attaching option, which
will complete its A$14M funding package for Cascavel.