The Conversation (0)
Orezone Gold Corporation (TSX:ORE) has arranged a C$6.5 million private placement, in which Ross Beaty and other long term shareholders including officers and directors of the company will participate. Proceeds will be used to advance permitting at the Bomboré project, for optimization of the recently completed feasibility study for the project and for general corporate …
Orezone Gold Corporation (TSX:ORE) has arranged a C$6.5 million private placement, in which Ross Beaty and other long term shareholders including officers and directors of the company will participate. Proceeds will be used to advance permitting at the Bomboré project, for optimization of the recently completed feasibility study for the project and for general corporate purposes.
As quoted in the press release:
The completion of the Private Placement of common shares is subject to a number of conditions, including, without limitation, the finalization and receipt of definitive subscription documentation and receipt of all regulatory approvals, including the conditional approval of the Toronto Stock Exchange. The common shares will be subject to a four-month hold period in accordance with applicable Canadian securities laws.
This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
Orezone CEO, Ron Little, said:
We welcome Mr. Beaty as a significant new Orezone shareholder that complements an already strong shareholder base. Mr. Beaty is well recognized for his successful track record in building mining companies and his selective approach to investments in the mining sector.
Click here to read the Orezone Gold Corporation (TSX:ORE) press release
Click here to see the Orezone Gold Corporation (TSX:ORE) profile.