GOLD RUSH: Orezone Gold Raises $35 MILLION IN BOUGHT DEAL OFFERING
Orezone Gold Corporation has announced a C$35 million bought deal offering, where Canaccord Genuity Corp. will purchase 42,683,000 common shares at a price of C$0.82 per share. The company plans to use the proceeds for accelerating its Stage II hard rock expansion and exploration at its Bomboré Gold Mine. Orezone aims to leverage this financing to drive growth and expand its operations.
- This significant investment highlights the potential for gold mining companies to access new funding channels, potentially altering the dynamics of the industry's capital structure.
- How will the increased focus on exploration and production at Bomboré impact the company's ability to meet environmental and social responsibility standards in the regions it operates?