Funds used to advance Bombore project through mine permitting process
By Devika Patel
Knoxville, Tenn., March 23 – 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 per share. The price per share is 2.04% premium to the March 22 closing share price.
Settlement is expected March 30.
Proceeds will be used to advance the Bombore project through the ongoing mine permitting process, detailed engineering, and for general corporate purposes.
The gold explorer is based in Ottawa.
| Issuer: | Orezone Gold Corp.
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| Issue: | Common shares
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| Amount: | C$5 million
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| Shares: | 10 million
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| Price: | C$0.50
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| Warrants: | No
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| Agent: | Non-brokered
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| Pricing date: | March 23
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| Settlement date: | March 30
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| Stock symbol: | Canada: ORE
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| Stock price: | C$0.49 at close March 22
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| Market capitalization: | C$58.09 million
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