Orezone Gold Corporation Announces Full Exercise of Over-Allotment Option in C$35 Million Bought Deal Financing
Vancouver, British Columbia, March 19, 2025 – Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (“Orezone” or the “Company”), is pleased to announce that Canaccord Genuity Corp., acting as sole underwriter and bookrunner for the Company’s previously announced C$35 million bought deal financing that closed on March 13, 2025 (the “Offering”), has now fully exercised their over-allotment option (the “Over-Allotment Option”) under the Offering.
Additional Shares Issued
As a result, the Company has issued an additional 6,402,450 common shares of the Company (the “Shares”) at a price of C$0.82 per Share for additional gross proceeds of C$5,250,009.
Impact on Orezone
For Orezone, the full exercise of the Over-Allotment Option signifies a successful financing round, providing the Company with a stronger financial position as it continues its exploration and development activities. The net proceeds from the Offering will be used for the ongoing exploration and development of the Company’s assets, including the Bomboré Gold Project in Burkina Faso, West Africa.
Impact on the World
On a broader scale, this financing round and the subsequent exercise of the Over-Allotment Option may have positive implications for the gold mining industry. With the price of gold remaining relatively stable, companies like Orezone, focused on gold exploration and development, can continue to attract investment and further their projects. This could lead to increased production and economic growth in countries like Burkina Faso, where Orezone operates.
Conclusion
Orezone Gold Corporation’s successful C$35 million financing round, with the subsequent full exercise of the Over-Allotment Option, has provided the Company with a stronger financial position and the ability to continue its exploration and development activities. This news also has potential positive implications for the gold mining industry and the countries where these companies operate, as increased investment can lead to economic growth.
- Orezone Gold Corporation announces the full exercise of the Over-Allotment Option in its C$35 million bought deal financing
- Canaccord Genuity Corp. has acquired an additional 6,402,450 common shares of Orezone at C$0.82 per Share
- The net proceeds from the Offering will be used for the ongoing exploration and development of Orezone’s assets, including the Bomboré Gold Project
- The successful financing round and exercise of the Over-Allotment Option have positive implications for the gold mining industry and countries where these companies operate
