Proceeds of $1.3 million were raised by Orvana Minerals (TSE) from the sale of two million shares to Goldcorp (TSE) of Toronto. Goldcorp owns 4.3 million shares of Orvana and about 1.13 million common share purchase warrants.
Orvana will pay for exploration on the Central Inlier gold property in Jamaica and complete the purchase of the property from BHP Minerals International Exploration.
The company also plans geochemistry, geochemical surveys, trenching and drilling.
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