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Oro X Completes Coriorcco Gold Project Option Acquisition, Private Placement, Name Change and Board Appointment
Oro X Completes Coriorcco Gold Project Option Acquisition, Private Placement, Name Change...
About this update from Silver X Mining Corp
[{"type":"text","content":"OroX-completes-NameCh\n \n \n \n Oro X Completes Coriorcco Gold Project Option Acquisition, Private Placement, Name Change and Board Appointment\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Oct. 8, 2020\n \n \n \n \n \n \n Completes acquisition of option to acquire two high-grade gold exploration assets, Coriorcco and Las Antas, in southern\n \n Peru\n \n \n \n \n \n Appoints\n \n Paul Matysek\n \n as lead advisor and\n \n Nick Rowley\n \n to the board of directors\n \n \n \n \n Completes private placement of 15,243,891 Shares at\n \n $0.41\n \n per Share for gross proceeds of\n \n $6,250,000\n \n \n \n \n \n Completes name change to Oro X Mining Corp. Expected to start trading under new TSX-V symbol \"OROX\" at market open\n \n October 13, 2020\n \n \n \n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 8, 2020\n \n /CNW/ -\n \n \n ORO\n \n X MINING CORP.\n \n (TSXV: WRP) (the \"\n \n Company\n \n \") is pleased to announce that it has completed its acquisition from Titan Minerals Ltd. (\"\n \n Titan\n \n \") of options to acquire the Coriorcco and Las Antas gold projects (the \"\n \n Properties\n \n \") located in Ayacucho,\n \n Peru\n \n (the \"\n \n Transaction\n \n \"). As part of the Transaction, the Company also closed a concurrent private placement of common shares (\"\n \n Shares\n \n \") for gross proceeds of\n \n $6,250,000\n \n (the \"\n \n Private Placement\n \n \") and completed a name change from Western Pacific Resources Corp. to Oro X Mining Corp., on the terms described in the Company's previous news release dated\n \n August 24, 2020\n \n .\n \n \n \n \n \n \n \n \n \n \n Option Acquisitions\n \n \n \n Pursuant to the option acquisition agreement with Titan (the \"\n \n Option Acquisition Agreement\n \n \"), the Company through its Peruvian subsidiaries acquired Titan's options to acquire the Properties for consideration as described in the Company's previous news release dated\n \n August 24, 2020\n \n .\n \n \n The two contiguous Properties are located in the Ayacucho Region of\n \n Peru\n \n , ...