Orosur Mining Secures C$20 Million in Oversubscribed Private Placement

Orosur Mining ( (TSE:OMI) ) just unveiled an update.

Orosur Mining Inc. has successfully closed an oversubscribed brokered private placement, raising approximately C$20 million. The funds will primarily be used to advance the Anzá exploration project in Colombia and for general corporate purposes. The offering included the sale of 58,823,530 common shares, with significant participation from 1832 Asset Management L.P., a substantial shareholder. This transaction is expected to enhance Orosur’s financial capacity to pursue its exploration objectives and potentially strengthen its position in the mining industry.

More about Orosur Mining

Orosur Mining Inc. is a minerals exploration and development company operating in Colombia, Argentina, and Nigeria.

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