An announcement from Orezone Gold ( (TSE:ORE) ) is now available.
Orezone Gold Corporation has announced the closing of a private placement with Nioko Resources Corporation, which subscribed for over 10.7 million common shares to maintain its 19.6% ownership in the company. The proceeds from this transaction will be used to accelerate the second stage of the hard rock expansion at the Bomboré Gold Mine, additional exploration, and for general corporate purposes, potentially enhancing Orezone’s operational capabilities and market position.
More about Orezone Gold
Orezone Gold Corporation is a West African gold producer focused on mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The company achieved commercial production on its oxide operations in December 2022 and is now concentrating on a staged hard rock expansion to increase gold production. Orezone is guided by a team with expertise in project construction, operations, financings, capital markets, and M&A, with a commitment to social responsibility and sustainability.
YTD Price Performance: 42.42%
Average Trading Volume: 420,412
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$505.3M
For an in-depth examination of ORE stock, go to TipRanks’ Stock Analysis page.