New Oroperu closes $1.3-million private placement

May 8, 2020

2020-05-07 19:09 ET – News Release

Mr. Wayne Livingstone reports

NEW OROPERU COMPLETES $1,300,000 NON-BROKERED FINANCING

New Oroperu Resources Inc. has closed a non-brokered private placement, consisting of 1,857,143 units at a price of 70 cents per unit, for aggregate proceeds of $1.3-million. Each unit consists of one common share of the company and one-half of one transferable share purchase warrant of the company. Each whole warrant is exercisable to acquire one common share at an exercise price of 85 cents for a period of three years from the date of closing of the private placement. The proceeds from the financing will be used for project evaluation costs and operational costs on the company’s Tres Cruces mineral resource project in Peru, and for general working capital requirements.

All of the above securities are subject to a hold period expiring Sept. 8, 2020, in accordance with applicable securities laws and stock exchange rules.

About New Oroperu Resources Inc.

New Oroperu is a junior exploration company, based in Vancouver, B.C., that owns the Tres Cruces gold project in Peru. The Tres Cruces gold project currently hosts a mineral resource containing an estimated 2.6 million ounces of gold, at a cut-off of 0.6 gram per tonne gold, in the measured and indicated category.

We seek Safe Harbor.

https://www.oroperu.com/