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Opus One Resources Inc ( (TSE:OOR) ) has provided an update.
Opus One Gold Corporation has closed a non-brokered private placement totaling approximately $2.23 million through the issuance of over 21 million flow-through shares and more than 10 million units, each unit comprising one common share and a warrant exercisable at $0.10 for 24 months. Proceeds from the flow-through shares will fund exploration on the company’s mineral properties, while net proceeds from the units will support general working capital and transaction fees, with the financing structured under prospectus exemptions, subject to TSX Venture Exchange approval, and including standard hold periods, finder fees, and a small related-party participation by director Patrick Fernet; the company also clarified that warrants issued in an April 2025 financing have a 24-month, not 36-month, term, aiming to provide transparency and maintain regulatory compliance for investors.
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 in the Abitibi Greenstone Belt of northwestern Quebec and northeastern Ontario, a prolific gold mining region. The company holds exploration assets in the Val-d’Or and Matagami areas, targeting properties located near existing mines in established mining camps.
Average Trading Volume: 188,834
Technical Sentiment Signal: Buy
Current Market Cap: C$16.35M
See more data about OOR stock on TipRanks’ Stock Analysis page.