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Omai Gold Mines ( (TSE:OMG) ) just unveiled an update.
Omai Gold Mines Corp. has announced an increase in its bought deal private placement to $22 million due to investor demand. The funds raised will be used for exploration, development, and general working capital. The offering is set to close on February 13, 2025, subject to approvals from the TSX Venture Exchange and other regulatory authorities, highlighting the company’s continued efforts to strengthen its financial position and advance its operations.
More about Omai Gold Mines
Omai Gold Mines Corp. is engaged in the gold mining industry, holding a 100% interest in the Omai Prospecting License and the adjacent Eastern Flats Mining Permits in Guyana. The company focuses on the exploration and development of gold resources, with historical production from the Omai Gold Mine reaching over 3.7 million ounces of gold. The company’s operations benefit from extensive historical data and infrastructure.
YTD Price Performance: 32.65%
Average Trading Volume: 599,212
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$165.7M
Learn more about OMG stock on TipRanks’ Stock Analysis page.
