Oro East Mining, Inc. announced a private placement of convertible bonds for gross proceeds of $100,000,000 on April 18, 2014. The bonds will carry interest between 6% and 12.5%. The bonds will mature in 10 years.

Wall Street Equities, Ltd. will act as a placement agent and will provide investors from Europe and East Asia. The company will pay $35,000 in administrative fees to the agent and $10,000 to Mohamad Toufic Nehmeh, the attorney. In the event that, the company raises $60,000,000 by the agent within 90 days of the execution date of the agreement, then an additional 6,800,000 restricted common shares will be issued to the agent to be tradable within six months after issue.