Orezone Gold raises additional C$5.25 million for expansion

Orezone Gold Corporation announced that Canaccord Genuity Corp. has fully exercised an over-allotment option related to its recent financing. This means Canaccord Genuity acquired an additional 6,402,450 common shares at C$0.82 each, raising an extra C$5.25 million. The financing originally raised C$35 million and closed on March 13, 2025. The funds will be used for the hard rock expansion and further exploration at Orezone's Bomboré Gold Mine. Additionally, the company plans to use some of the money for working capital and general corporate needs. Orezone Gold is a mining company operating mainly in West Africa. Its Bomboré mine began production in December 2022 and is now aiming to increase gold production through a staged expansion plan. The company is recognized for its focus on social responsibility and sustainable practices. This announcement does not apply to U.S. markets, as the shares have not been registered under U.S. law and cannot be sold there without proper registration or exemptions.