Gold Resource Corporation and Hochschild Mining plc Form Strategic Alliance; $5 Million Private Placement

Gold Resource Corporation (GRC) is pleased to announce that it has formed a strategic alliance with Hochschild Mining plc (Hochschild) through a $5 million private placement of 1.67 million shares of GRC's restricted common stock at $3.00 per share (no warrants). Hochschild is a world leading precious metals producer listed on the London Stock Exchange. Based in Lima, Peru, Hochschild is a mid-tier gold producer and the world's 4th largest primary silver producer with mining projects in five countries in the Americas including Mexico. read more

source : Gold Resource Corporation