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November 2013
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Orovero Resources Re-Affirms Share Exchange Financing


By Accesswire

Orovero Resources Corp. (formerly Golden Alliance Resources Corp.) (TSX-V: OVR, Frankfurt: GA0, "Orovero" or the "Company") is pleased to announce that, further to the Company’s news release of October 28, 2013, the Company announces it has re-affirmed its private placement with Global Resources Investments Ltd. ("GRIL",) an arm’s length party to Orovero. The Company will be seeking to raise $477,000 through the sale of 5,300,000 units at $0.09 per unit. Each unit consists of one common share of the Company and one-half warrant. Each whole warrant is exercisable at $0.15 per share for two years, so that 2,650,000 transferrable warrants will be issuable.

GRIL has been established to exploit investment opportunities in the junior mining and natural resources sectors worldwide, with an investment objective to generate medium and long-term capital growth. GRIL will re-register as a public company and be constituted as an investment trust with the name Global Resources Investment Trust ("GRIT") and seek admission of its ordinary shares on the main market for listed securities on the London Stock Exchange.

In consideration for acquiring the Company’s units, GRIT will issue and deliver to the Company 284,844 ordinary shares of GRIT at ?1.00 per share (the "GRIT Shares"), which amount amends the number of GRIT Shares announced in the Company’s new release dated October 28, 2013. The Company will then sell the GRIT Shares through the facilities of the London Stock Exchange to realize the private placement proceeds.

A finder’s fee in the form of common shares will be payable to Jordan Capital Markets Inc. for introducing the company and assisting in negotiating the transaction with GRIT.

Closing of the transaction is subject to a number of conditions precedent, including approval of the TSX Venture Exchange, and GRIT successfully listing on the London Stock Exchange.

The proceeds from the private placement will be used by the Company to identify, acquire, refurbish and commission a toll mill in Peru with its partnership, as announced in Orovero’s news release dated October 28, 2013. Funds will also be used for general working capital. The Private Placement securities will be issued subject to a minimum four-month hold period from the date of issuance.

About Orovero Resources Corp.

Orovero is a company focused on pursuing near term production opportunities with cash flow. The Company is working in partnership to develop its first gold toll milling operation in Peru with a goal of becoming Peru’s processor of choice with multiple facilities processing in excess of 1000 tonnes per day. In addition, the Company has a portfolio of highly prospective exploration properties including its’ flagship property called Rio Tabaconas located in Northern Peru.


"Len Clough"


Mr. Len Clough, Chairman, President, CEO and Director

For further information please contact:

Mr. Shawn Perger, Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company’s public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements. We advise U.S. investors that the SEC’s mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.