Orezone Gold Corporation: Nioko Resources to Invest C$8.8 Million in Private Placement
Vancouver, British Columbia, March 17, 2025 – Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is delighted to share that Nioko Resources Corporation (“Nioko”) intends to maintain its 19.9% ownership in the Company by subscribing for 10,719,659 common shares of Orezone. The investment, valued at C$8,790,121, is part of a non-brokered private placement at a price per share of C$0.82.
Background of the Private Placement
The Placement comes on the heels of Orezone’s recently completed bought deal offering, which saw the Company raise gross proceeds of C$75.4 million. The Offering Price for the private placement was set based on the share price from the bought deal offering.
Impact on Orezone and Nioko
This investment by Nioko will enable the company to strengthen its position in Orezone and support the ongoing growth of the gold producer. With the mining industry experiencing a resurgence, Orezone is well-positioned to capitalize on the opportunities presented by the market. The additional investment will provide the Company with increased financial flexibility to explore new projects, expand existing operations, and potentially return value to shareholders.
Nioko, on the other hand, will continue to hold a significant stake in Orezone, allowing it to benefit from the Company’s continued success. As a long-term investor, Nioko is committed to supporting the growth of Orezone and the broader gold mining sector.
Global Implications
The mining industry has seen a significant revival in recent years, driven by rising gold prices and increased investor interest. Orezone’s successful financing, along with Nioko’s continued commitment to the Company, is a positive sign for the sector as a whole. This investment could encourage other investors to follow suit, leading to increased capital inflows into the gold mining sector and further boosting the industry’s growth.
Conclusion
The private placement by Nioko Resources Corporation in Orezone Gold Corporation is a strategic move that will strengthen the relationship between the two companies and provide Orezone with additional financial resources to capitalize on the opportunities in the gold mining sector. The investment also underscores the confidence that long-term investors have in the sector’s growth potential. With gold prices expected to remain strong and investor interest continuing to grow, the mining industry is poised for a robust future.
- Orezone Gold Corporation announces private placement by Nioko Resources
- Nioko to invest C$8.79 million for 10,719,659 common shares
- Offering Price based on recent bought deal offering
- Strengthens Nioko’s position in Orezone and supports continued growth
- Positive sign for the gold mining sector, encouraging further investment
