Oro Silver Resources reports its non-brokered private placement and its corporate update.

Oro Silver currently has a financial position of approximately $1.5 Million dollars in cash and account receivables; the majority of receivables include value-added taxes owed to the Company in Canada and Mexico.

Oro Silver’s President, Darren Bahrey comments:

“We recognize that today’s market conditions present challenges moving forward and view that there will be uncertainty for the next while. Therefore, we are implementing measures that will allow us to get through this unstable market. We have initiated an action plan that will involve showing the value of our assets while acting on significant cost reduction.”

For full details of this press release, click this link. To view Oro Silver’s previous press releases, click here. Follow developments in silver mining and exploration for free.
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