The latest update is out from Orezone Gold ( (TSE:ORE) ).
Orezone Gold Corporation has successfully completed a C$35 million bought deal financing, issuing over 42 million common shares at C$0.82 each. The proceeds will be used to accelerate the Stage II hard rock expansion and further exploration at the Bomboré Gold Mine, as well as for general corporate purposes. This financing positions Orezone to enhance its production capabilities and explore additional opportunities, potentially strengthening its market position and delivering value to stakeholders.
More about Orezone Gold
Orezone Gold Corporation is a West African gold producer focused on mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The company achieved commercial production on its oxide operations in December 2022 and is now concentrating on expanding its hard rock operations to significantly boost gold production. Orezone is committed to social responsibility and sustainability, led by a team with a strong track record in project construction, operations, and capital markets.
YTD Price Performance: 25.76%
Average Trading Volume: 327,793
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$382.2M
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