Opus One Gold Corporation Closes First Phase of Private Placement

Opus One Resources Inc ( (TSE:OOR) ) has issued an announcement.

Opus One Gold Corporation has announced the first closing of a non-brokered private placement of flow-through shares, raising gross proceeds of $967,750.05. The proceeds will be used for Canadian exploration expenses, qualifying for federal and Québec tax credits. The company plans a second closing, pending TSX Venture Exchange approval. This move is part of Opus One’s strategy to fund its exploration activities in the Abitibi Greenstone Belt, enhancing its position in the mining industry.

More about Opus One Resources Inc

Opus One Gold Corporation is a mining exploration company focused on discovering high-quality gold and base metals deposits. The company operates within strategically located properties in proven mining camps near existing mines in the Abitibi Greenstone Belt, north-western Quebec, and north-eastern Ontario, which is one of the most prolific gold mining areas globally. Opus One holds assets in the Val-d’Or and Matagami areas.

YTD Price Performance: 27.91%

Average Trading Volume: 264,212

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$11.5M

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