Omai Gold Mines Expands Private Placement to $13M

Omai Gold Mines (TSE:OMG) has released an update.

Omai Gold Mines Corp. has upscaled its private placement to $13 million due to high investor demand, offering over 108 million shares at $0.12 each. The funds raised are earmarked for exploration and development activities, as well as general corporate expenses, with the offering set to close around June 20, 2024. This financing move emphasizes the company’s growth plans following their recent positive preliminary economic assessment of the Omai Gold Mine.

For further insights into TSE:OMG stock, check out TipRanks’ Stock Analysis page.