Opus One Gold Corporation Launches $2 Million Private Placement

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

Opus One Gold Corporation announced a non-brokered private placement to raise up to $2,000,000 through the sale of units and flow-through shares. The funds from the flow-through shares will be used for Canadian exploration expenses, qualifying as flow-through mining expenditures. The offering is subject to TSX Venture Exchange approval, and its completion is not guaranteed. This move could enhance Opus One’s exploration capabilities, potentially strengthening its position in the mining industry and benefiting stakeholders by increasing exploration activities in proven mining areas.

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 the Abitibi Greenstone Belt, north-western Quebec, and north-eastern Ontario, which are known for being prolific gold mining areas. Opus One holds assets in the Val-d’Or and Matagami mineral districts.

YTD Price Performance: 75.00%

Average Trading Volume: 276,104

Technical Sentiment Signal: Sell

Current Market Cap: C$14.52M

Learn more about OOR stock on TipRanks’ Stock Analysis page.