Orezone Gold (ORE-V) July 19, '16 is pleased to announce that it has completed its previously announced $26,450,000 equity financing. A total of 26,450,000 common shares, including 3,450,000 common shares issued pursuant to the exercise in full of the over-allotment option, have been issued today at a price of $1.00 per share to a syndicate of underwriters co-led by Raymond James Ltd. and National Bank Financial Inc.
The common shares were sold by way of a short form prospectus in each of the provinces and territories of Canada other than Quebec.
About Orezone Gold Corporation
Orezone is a Canadian company with a successful gold discovery track record and mine development experience in Burkina Faso, West Africa. The Company owns a 100% interest in Bomboré, the largest undeveloped oxide gold deposit in West Africa, situated 85 km east of the capital city and adjacent to an international highway. The Company has completed a Feasibility Study and received all environmental and critical approvals for the granting of a mining permit at Bomboré that is expected during the third quarter of 2016.
Ron Little, CEO of Orezone, is a "Qualified Person" under National Instrument 43-101 and has reviewed the information in this release. Readers should refer to Orezone's annual information form for the year ended December 31, 2015 and other continuous disclosure documents filed by Orezone since January 1, 2016 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein.
Orezone
(613) 241-3699
orezone.com |
