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Orezone Gold Announces Full Exercise of Over-Allotment Option

GlobeNewswire LogoGlobeNewswire12h ago

Orezone Gold Announces Full Exercise of Over-Allotment Option - GlobeNewswire

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All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, delays caused by pandemics, terrorist or other violent attacks (including cyber security attacks), the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company’s most recent annual information form and management discussion and analysis filed on SEDAR+.

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.

All such forward-looking statements are based on certain assumptions and analyses made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management and the qualified persons believe are appropriate in the circumstances.

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Article Details

Author / Journalist: Orezone Gold Corporation

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 13:19:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 807 words

Reading Time: 5 minutes read

Sentences: 20 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 27173844

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Official Website: globenewswire.com

Update Frequency: 90 posts per day

Year Established: 1998

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News Last Updated: 8 hours ago

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Publisher ID: #116

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