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Orezone Gold ( (TSE:ORE) ) has shared an announcement.
Orezone Gold Corporation announced a C$35 million bought deal offering, involving the sale of over 42 million common shares at C$0.82 each, aimed at funding the expansion of its Bomboré Gold Mine and supporting additional exploration activities. This financing move underscores the company’s strategic focus on accelerating its development projects and strengthening its market position in the gold mining sector.
More about Orezone Gold
Orezone Gold Corporation operates in the mining industry, focusing primarily on gold exploration and development. The company is notably engaged in the expansion and exploration of the Bomboré Gold Mine.
YTD Price Performance: 36.36%
Average Trading Volume: 277,476
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$419.5M
For detailed information about ORE stock, go to TipRanks’ Stock Analysis page.