New Issue: Orezone completes C$20 million private placement of shares

By Devika Patel

Knoxville, Tenn., Dec. 31 - Orezone Resources Inc. settled a C$20 million private placement of common shares.

The company sold 71,428,571 common shares at C$0.28 per share to Iamgold Corp.

Orezone, based in Ottawa, is a precious metals resource company.

Issuer:	Orezone Resources Inc.
Issue:	Common shares
Amount:	C$20 million
Shares:	71,428,571
Price:	C$0.28
Warrants:	No
Investor:	Iamgold Corp
Settlement date:	Dec. 31
Stock symbol:	Toronto: OZN
Stock price:	C$0.57 at close Dec. 31

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