ORP 10.3% 3.5¢ orpheus uranium limited

oropa secures funding package , page-4

  1. 19,620 Posts.
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    Just outlining some positives from todays news:


    *Blackwood Capital Limited
    (“Blackwood”) as lead arranger to complete a funding package of up to $2.0 million prior to 31 March
    2009, with additional funds to follow.

    *Oropa’s directors consider that the Company has one of the most "advanced gold projects currently
    being explored in Indonesia"

    *The positive outcome to the Scoping Study completed in November 2008 confirms that development
    of Pungkut should be vigorously pursued as one of the Company’s main priorities in the coming year

    *At a current share price of 1.8 cents the market
    capitalisation of the Company stands at slightly under $3.6 million, valuing Oropa’s 75% beneficial
    share of Pungkut at approximately $4.70 per ounce of Inferred Resource gold discovered! This clearly
    demonstrates that there is a need to more widely inform the market and potential investors that Oropa
    is extremely attractively priced at these current levels.

    *The aim of the current fund-raising package through Blackwood also serves to guarantee that the
    Company has access to sufficient working capital to maintain its development focus without being
    affected by on-going market destabilisation, and dispels any concerns about Oropa’s capacity to
    maintain its equity interest in Pungkut

    *Over the coming months the board intends to make some significant changes that will re-address the
    objective of focussing the Company towards the development of its core mineral asset. It is anticipated
    that gold will remain a profitable commodity to invest in, particularly at this time of chaos within the
    global financial markets, as gold is expected to remain a stable commodity against this backdrop.
    Consequently, Oropa’s directors consider the Company’s investment in Pungkut is underpinned by the
    strength of gold in such a tumultuous financial environment.

    *As a consequence of the recent changes in the Oropa board, it is intended to add to the current board,
    with the appointment of a new Chairman, amongst others. (imo blackwood will take aseat on the board)

    *Oropa is at a crucial point in its course towards unlocking considerable value for all shareholders
    including those investors introduced through Blackwood, and the board will continue to strive towards
    providing future announcements that unfold in the coming months
 
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