Silver Investing News » Genco Closes Final Tranche of $4.77 Million Placement

Genco Closes Final Tranche of $4.77 Million Placement

March 12, 2010 @ 1:05 pm In Silver Company News

Genco Resources Ltd. (TSX:GGC) repored that the company has complated the final tranche of its Private Placement by issuing 761,000 units at a price of CAD $0.36 per unit for proceeds of CAD $273,960.

The press release is quoted as saying:

Genco Resources Ltd. is a publicly traded mining company focused on developing its core asset, the producing La Guitarra silver-gold property located in the Temascaltepec Mining District of Mexico. La Guitarra Mine presently consists of two underground operation centres and a flotation mill with a proven capacity of 320 tonnes per day.

Click here to access the entire press release ^[1]

Click here to access Genco Resources Corporate Site ^[2]

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URL to article: http://silverinvestingnews.com/2407/genco-closes-final-tranche-of-4-77-million-placement.html

URLs in this post:

[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Genco-Closes-Final-Tranche-of-477-Million-Placement-TSX-GGC-1130674.htm

[2] Click here to access Genco Resources Corporate Site: http://www.gencoresources.com/s/Home.asp