Proceeds fund technical studies in Africa, general corporate purposes
By Devika Patel
Knoxville, Tenn., Oct. 30 - Orezone Gold Corp. said it has arranged a C$5 million non-brokered private placement of stock.
The company will sell 10 million common shares at C$0.50 apiece, a 5.66% discount to the Oct. 29 closing share price of C$0.53.
Proceeds will be used for technical studies at the company's Bombore gold project in Burkina Faso, West Africa, and for general corporate purposes.
The gold explorer is based in Ottawa.
| Issuer: | Terra Firma Capital Corp.
|
| Issue: | Common shares
|
| Amount: | C$5 million
|
| Shares: | 10 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 30
|
| Stock symbol: | Toronto: ORE
|
| Stock price: | C$0.53 at close Oct. 29
|
| Market capitalization: | C$42.84 million
|
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