Orezone Gold Corporation Announces Filing of Final Prospectus for Bought Deal Offering
Vancouver, British Columbia, March 7, 2025
Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”), is thrilled to share some exciting news with its shareholders and the investment community. Following the announcement of a bought deal offering of common shares of the Company on February 23, 2025, Orezone is now pleased to announce that it has filed a final short form prospectus (the “Final Prospectus”) with the securities commissions in all provinces of Canada, excluding Quebec, and has received a receipt for it.
What Does This Mean for Orezone?
This is a significant milestone for Orezone as it moves forward with its financing plans. The Final Prospectus outlines the terms and conditions of the offering, which includes the sale of 15,000,000 Common Shares at a price of CAD $0.75 per share. Proceeds from the offering will be used to advance the Company’s projects, including the development of its Bomboré Gold Project in Burkina Faso.
Impact on Shareholders
For existing shareholders, this news signals the potential for growth as the proceeds from the offering will be used to further develop Orezone’s projects. This could lead to increased value for current shareholders. However, the offering of new shares may also dilute the ownership percentage of current shareholders. It is essential for investors to carefully review the Final Prospectus and consider their investment strategies accordingly.
Impact on the Global Mining Industry
The mining industry, particularly the gold sector, has been experiencing a resurgence due to increased investor interest and rising gold prices. Orezone’s successful filing of the Final Prospectus is a testament to the confidence investors have in the sector and the Company’s potential for growth. This offering could encourage other mining companies to follow suit and seek financing to advance their projects, contributing to the ongoing growth trend in the mining industry.
Next Steps for Orezone
With the Final Prospectus now filed, Orezone can move forward with the closing of the offering, which is expected to occur on or about March 12, 2025. Once the offering is closed, the Company will be well-positioned to continue its work on the Bomboré Gold Project and potentially unlock new opportunities for growth.
Stay tuned for more updates from Orezone as it continues to make strides in the mining industry.
Conclusion
Orezone Gold Corporation’s filing of the Final Prospectus for its bought deal offering of Common Shares is a crucial step forward for the Company. This milestone not only represents a significant development for Orezone but also underscores the confidence investors have in the mining industry and the Company’s potential for growth. Current shareholders and potential investors are encouraged to carefully review the Final Prospectus and consider the potential implications for their investment strategies.
As Orezone moves forward with the closing of the offering and the advancement of its projects, the mining industry can look forward to continued growth and innovation.
