PR Newswire
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VANCOUVER, BC, Feb. 23, 2025 /CNW/ - Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) (the "Company" or "Orezone") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. (the "Underwriter"), acting as sole underwriter and bookrunner, pursuant to which the Underwriter has agreed to purchase, on a "bought deal" basis, 42,683,000 common shares of the Company (the "Common Shares") at a price of C$0.82 per Common Share (the "Offering Price"), for aggregate gross proceeds of C$35,000,060 (the "Offering").
VANCOUVER, BC, Feb. 23, 2025 /CNW/ - Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) (the "Company" or "Orezone") is pleased to announce that it is advancing several transformational initiatives to (1) accelerate production growth and exploration at its Bomboré Gold Mine, and (2) further enhance the Company's capital markets profile. These initiatives include:
Plans to accelerate Stage II of the Bomboré hard rock expansion by two years to achieve an optimized gold production profile of 220,000-250,000 ounces per year by late 2026. Subject to final board approval, the Stage II hard rock expansion would commence in H2-2025 and follow the current Stage I expansion, which is scheduled to achieve first gold in Q4-2025. Stage I is forecasted to increase gold production to 170,000-185,000 ounces in 2026.An expanded exploration program designed (1) to accelerate exploration of multiple higher-grade centers of mineralization, and (2) to illustrate the broader size and scale of the Bomboré mineralized system, given the average reserve pit depth of less than 40 metres.Intention to dual list on the Australian Securities Exchange ("ASX") to further enhance the Company's capital markets profile through access to an incremental pool of institutional investors including specialist mining focused funds.
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