Orogen Gold places 240m shares with board members

Orogen Gold, an exploration company focused on gold exploration and development in Eastern Europe, has placed 240m shares with members of the board at 0.5p each to raise funding for the Deli Jovan gold project into 2013.

Orogen Gold, an exploration company focused on gold exploration and development in Eastern Europe, has placed 240m shares with members of the board at 0.5p each to raise funding for the Deli Jovan gold project into 2013.

The placing raised net proceeds of about £1.135m and covers earn-in to 75 per cent of the project.

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