Mexoro Minerals pockets $3 million from convertible debenture offering

By Sheri Kasprzak

New York, April 3 - Mexoro Minerals Ltd. said it completed a private placement of convertible debentures for $3 million.

Proceeds from the 7% debentures will be used for exploration on the company's three silver and gold properties in the Sierra Madre area of Mexico.

The conversion price of the debentures could not be determined by press time Monday.

Vancouver, B.C.-based Mexoro is a gold and silver exploration company.

The company's stock remained unchanged at $1.25 (OTCBB: MXOM).

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