Orosur Mining Launches C$5 Million Private Placement

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Orosur Mining Launches C$5 Million Private Placement

An update from Orosur Mining ( (TSE:OMI) ) is now available.

Orosur Mining Inc. has announced a brokered private placement agreement with Red Cloud Securities Inc. to raise up to C$5 million through the sale of 29,411,764 units at C$0.17 each. This strategic move aims to bolster the company’s financial position by offering units that include common shares and warrants, with the potential for additional proceeds through an agent’s option. The offering is structured to comply with Canadian securities regulations, allowing for immediate tradeability of certain units in Canada, while others may be subject to a hold period.

More about Orosur Mining

Orosur Mining Inc. is a company operating in the mining industry, primarily focused on the exploration and development of mineral resources. The company is listed on the TSX-V and AIM markets under the symbol OMI.

YTD Price Performance: 59.26%

Average Trading Volume: 2,542,861

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £29.03M

For an in-depth examination of OMI stock, go to TipRanks’ Stock Analysis page.

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