Oromin Explorations Ltd.
2000 – 1055 West Hastings Street, Vancouver, B.C. V6E 2E9
Phone: (604) 331-8772 Fax: (604) 331-8773
January 7, 2013
SECURITIES AND EXCHANGE COMMISSION | VIA EDGAR |
Judiciary Plaza Office Building | |
450 Fifth Street, N.W. | |
Washington, D.C. 20549 |
Dear Sir or Madam:
RE: | Oromin Explorations Ltd. - (File #0-30614) |
Form 6-K |
On behalf of Oromin Explorations Ltd., a corporation under the laws of British Columbia, Canada, we enclose for filing, one (1) copy of Form 6-K, including exhibits.
If you have any questions, please contact the undersigned at your convenience.
Very truly yours,
OROMIN EXPLORATIONS LTD.
“Chet Idziszek”
per: | Chet Idziszek |
President |
Enclosures
cc: | Miller Thomson, Attn: Mr. Peter McArthur |
OMB APPROVAL | |||
OMB Number: | 3235-0116 | ||
Expires: | March 31, 2014 | ||
UNITED STATES |
Estimated average burden hours per response | 8.7 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of December 2012
Commission File Number 0-30614
OROMIN EXPLORATIONS LTD.
(Translation of registrant’s name into English)
Suite 2000, 1055 West Hastings St., Vancouver, B.C., Canada, V6E 2E9
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or 40-F.
Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):_____
Note: Regulation S-T rule 101(b)(1) only permits the submission in paper of a Form 6-k if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a From 6-K submission or other Commission filing on EDGAR.
Exhibit
99.1 | News Release dated December 12th , 2012. |
99.2 | News Release dated December 21st , 2012. |
99.3 | Material Change Report dated December 21st , 2012 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
OROMIN EXPLORATIONS LTD. (Registrant) | ||
Date: January 7, 2013 | By | ”Chet Idziszek” |
Chet Idziszek, President |
Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
SEC 1815(04-09)
Exhibit 99.1
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Suite 2000 - 1055 West Hastings Street, Vancouver, B.C., V6E 2E9 Canada |
T: +1.604. 331.8772 Toll Free 1.877.529.8475 F: +1.604.331.8773 E: info@oromin.com W: www.oromin.com |
December 12, 2012 | Trading Symbol: TSX – OLE |
OTC/BB – OLEPF | |
Website: www.oromin.com |
OJVG Gold Project – Status of Feasibility Study
Oromin Explorations Ltd., on behalf of Oromin Joint Venture Group Ltd. (“OJVG”), provides this update on the status and expected timing of a complete Carbon-in-Leach (“CIL”) Feasibility Study on the OJVG Gold Project in the Republic of Sénégal, and of an updated Preliminary Economic Assessment (“PEA”) of certain heap leach potential at this project.
Our engineering consultants, SRK Consulting (Canada) Inc. and Ausenco Solutions Canada Inc., advise that results of the CIL Feasibility Study and PEA update are progressing well towards being available in the second half of January 2013. The deferral of this target date, previously expected by the end of Q4 2012, is in part due to the new resource model driving more significant physical and economic updates than were anticipated, and in part due to the Christmas Holiday period affecting various work and delivery schedules. This brief delay will allow the consultants to incorporate the most current estimates of capital and operating costs into the related financial analysis for the project’s revised production schedule.
Our consultants have advised us that the process of establishing mining schedules and reserve estimates which will be evaluated in the Feasibility Study technical and economic model is very well advanced. As could be inferred from our announcement of an expanded resource base in the resource update made in our news release of October 1, 2012, we expect the capital and operating parameters of the updated studies will embrace significantly increased mineral processing quantities and mine lives from those set out in our 2010 CIL Feasibility Study and 2011 heap leach PEA.
To find out more about Oromin Explorations Ltd., visit www.oromin.com in the section “Investors / Presentations”, a new file titled Project Update – October 2012.
On behalf of the Board of Directors of
OROMIN EXPLORATIONS LTD.
“Chet Idziszek”
Chet Idziszek, President and CEO
Cautionary Statements
This press release contains forward-looking information as defined in applicable securities laws (referred to herein as “forward-looking statements”). Specifically, this press release discusses the expected timing and availability of in-progress Feasibility Study and Preliminary Economic Assessment updates, and states that “we expect the capital and operating parameters of the updated studies will embrace significantly increased mineral processing quantities and mine lives from those set out in our 2010 CIL Feasibility Study and 2011 heap leach PEA”. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Oromin’s ability to predict or control and may cause Oromin’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Oromin undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law. |
Exhibit 99.2
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Suite 2000 - 1055 West Hastings Street, Vancouver, B.C., V6E 2E9 Canada |
T: +1.604. 331.8772 Toll Free 1.877.529.8475 F: +1.604.331.8773 E: info@oromin.com W: www.oromin.com |
Trading Symbol: TSX – OLE | |
December 21, 2012 | OTC/BB – OLEPF |
Website: www.oromin.com |
OROMIN ARRANGES $5 MILLION LOAN FACILITY
Vancouver, B.C. – Oromin Explorations Ltd. (the “Company”) is pleased to announce that it has entered into a term sheet dated December 21, 2012 with Sprott Resource Lending Corp. (“Sprott Lending”) pursuant to which Sprott Lending is to provide the Company with a $5 million credit facility (the “Facility”), subject to the finalization of a Facility agreement.
The one year Facility will bear interest at 12% per annum, compounded and payable monthly. In consideration for the Facility, Sprott Lending will be paid a structuring fee of $50,000 and will be issued 750,000 common shares of the Company at a deemed price of $0.75 per share. The common shares will be subject to a four month hold period. All amounts outstanding under the Facility will be repayable in the event of a change of control of the Company. The Facility will be secured by a fixed and floating charge and specific registration over all of the assets of the Company.
The Facility will be used for the development of the OJVG project as well as for general corporate purposes. Toll Cross Securities Inc. provided financial consulting services in connection with the Facility.
To find out more about Oromin Explorations Ltd., visit www.oromin.com.
On behalf of the Board of Directors of
OROMIN EXPLORATIONS LTD.
”Chet Idziszek”
Chet Idziszek, President and CEO
Forward Looking Statements: The above contains forward-looking statements regarding a credit facility. Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimated,” “potential,” “possible” and similar expressions, or statements that events, conditions or results “will,” “may,” “could” or “should” occur or be achieved. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those described in the Management Discussion and Analysis of the Company. The Company’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made and the Company assumes no obligation to update such forward-looking statements in the future. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. |
1
Exhibit 99.3
Form 51-102F3
Material Change Report
Item 1 | Name and Address of Company |
Oromin Explorations Ltd.
Suite 2000, 1055 West Hastings Street
Vancouver, B.C.
V6E 2E9
Item 2 | Date of Material Change |
December 21, 2012
Item 3 | News Release |
The news release was disseminated on December 21, 2012 by Stockwatch, Market News and Marketwire.
Item 4 | Summary of Material Change |
The Company announced Loan Facility.
Item 5 | Full Description of Material Change |
See attached news release.
Item 6 | Reliance on subsection 7.1(2) of National Instrument 51-102 |
Not Applicable
Item 7 | Omitted Information |
None
Item 8 | Executive Officer |
The following executive officer of the Company is knowledgeable about the material change and may be contacted regarding the change:
James Stewart
Secretary
Telephone: 604.331.8772
Facsimile: 604.331.8773
Item 9 | Date of Report |
December 21, 2012
|
Suite 2000 - 1055 West Hastings Street, Vancouver, B.C., V6E 2E9 Canada |
T: +1.604. 331.8772 Toll Free 1.877.529.8475 F: +1.604.331.8773 E: info@oromin.com W: www.oromin.com |
Trading Symbol: TSX – OLE | |
December 21, 2012 | OTC/BB – OLEPF |
Website: www.oromin.com |
OROMIN ARRANGES $5 MILLION LOAN FACILITY
Vancouver, B.C. – Oromin Explorations Ltd. (the “Company”) is pleased to announce that it has entered into a term sheet dated December 21, 2012 with Sprott Resource Lending Corp. (“Sprott Lending”) pursuant to which Sprott Lending is to provide the Company with a $5 million credit facility (the “Facility”), subject to the finalization of a Facility agreement.
The one year Facility will bear interest at 12% per annum, compounded and payable monthly. In consideration for the Facility, Sprott Lending will be paid a structuring fee of $50,000 and will be issued 750,000 common shares of the Company at a deemed price of $0.75 per share. The common shares will be subject to a four month hold period. All amounts outstanding under the Facility will be repayable in the event of a change of control of the Company. The Facility will be secured by a fixed and floating charge and specific registration over all of the assets of the Company.
The Facility will be used for the development of the OJVG project as well as for general corporate purposes. Toll Cross Securities Inc. provided financial consulting services in connection with the Facility.
To find out more about Oromin Explorations Ltd., visit www.oromin.com.
On behalf of the Board of Directors of
OROMIN EXPLORATIONS LTD.
”Chet Idziszek”
Chet Idziszek, President and CEO
Forward Looking Statements: The above contains forward-looking statements regarding a credit facility. Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimated,” “potential,” “possible” and similar expressions, or statements that events, conditions or results “will,” “may,” “could” or “should” occur or be achieved. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those described in the Management Discussion and Analysis of the Company. The Company’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made and the Company assumes no obligation to update such forward-looking statements in the future. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. |