Orezone Gold Announces Full Exercise of Over-Allotment Option

Orezone Gold Announces Full Exercise of Over-Allotment Option

Benzinga
March 19, 2025

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

VANCOUVER, British Columbia, March 19, 2025 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX:ORE, OTCQX:ORZCF) (the "Company" or "Orezone") announces that Canaccord Genuity Corp., the sole underwriter and bookrunner for the Company's previously announced C$35 million bought deal financing that closed on March 13, 2025 (the "Offering"), has now fully exercised their over-allotment option (the "Over-Allotment Option") under the Offering to acquire an additional 6,402,450 common shares of the Company (the "Shares") at a price of C$0.82 per Share for additional gross proceeds of C$5,250,009. The issuance and purchase of the additional 6,402,450 Shares closed earlier today.

The Company intends to use the net proceeds from the Over-Allotment Option to accelerate both stage 2 of the hard rock expansion and additional exploration at its Bomboré Gold Mine, as well as for working capital and general corporate purposes, as further described in the Company's short form prospectus dated March 7, 2025.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any other jurisdiction in which such offer, ...

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