Opus One Gold Secures Significant Fundraising Through FT Shares
Opus One Gold Corporation Completes Major Financing
Opus One Gold Corporation (OOR: TSXV) is excited to inform stakeholders about its recent non-brokered private placement initiative involving flow-through shares. This strategic decision resulted in impressive gross proceeds totaling approximately $967,750, showcasing the company's robust commitment to its exploration endeavors.
Details of the Private Placement
The recent offering allowed Opus One to issue an impressive 14,870,770 flow-through shares at a significant price point of $0.065 per share. The proceeds from this private placement will be utilized to cover eligible Canadian exploration expenses, enhancing the company's financial capacity to further explore its valuable properties.
Advantages for Investors
Investing in flow-through shares provides distinct advantages for investors benefiting from tax incentives linked to eligible exploration expenses. Specifically, in Québec, purchasers of these shares will gain an additional 20% deduction related to exploration expenditures. This enticing offer positions Opus One as an attractive option for investors looking for potential tax benefits coupled with solid investment opportunities.
Planned Next Steps for Opus One
Following this successful initial closing, Opus One is set to proceed with a second closing of the offering soon. This next step remains contingent upon the final approvals from the TSX Venture Exchange (TSXV) and fulfilling customary closing requirements. The company maintains transparency with its investors and stakeholders throughout the process.
Operational Context
Opus One Gold Corporation is firmly rooted in the exploration sector with a keen focus on identifying valuable gold and base metals deposits in renowned mining locations such as the Abitibi Greenstone Belt. This area is recognized globally for its rich mining history and vast resources, positioning Opus One strategically for future successes.
Contributions to the Local Economy
By actively engaging in exploration activities, Opus One not only seeks to uncover valuable resource deposits but also contributes positively to the local economy. Creating job opportunities and fostering partnerships within the community exemplifies the company’s commitment to sustainable practices and responsible mining.
Management Team
Under the guidance of a seasoned management team, including Louis Morin as Chief Executive Officer and Michael W. Kinley as Chief Financial Officer, Opus One is well-prepared to navigate the complexities of the mining industry while striving for excellence and sustainability in all its operations.
Investor Relations
Opus One values transparency and effective communication with its investors. For more detailed inquiries or further information, interested parties are encouraged to reach out directly to the company’s leadership via the contact details provided below.
Contact Information
To connect with Opus One Gold Corporation:
Louis Morin
Chief Executive Officer & Director
Tel.: (514) 591-3988
Michael W. Kinley, CPA, CA
President, Chief Financial Officer & Director
Tel: (902) 402-0388
Frequently Asked Questions
What are flow-through shares?
Flow-through shares are a type of investment that allows companies to pass tax benefits to their investors, typically linked to exploration expenses.
What is the purpose of the recent private placement?
The private placement is intended to raise funds that Opus One can invest in exploration activities to enhance its resource discovery efforts.
Who can benefit from the tax incentives associated with the flow-through shares?
Investors residing in provinces like Québec can receive additional tax deductions when purchasing flow-through shares.
How will the funds be utilized by Opus One?
The proceeds will primarily be utilized for exploration activities deemed eligible under Canadian tax legislation, enhancing the company's exploration portfolio.
Is there a hold period for the shares purchased in the offering?
Yes, the shares are subject to a four-month hold period after the closing of the offering in Canada.
About The Author
Contact Kelly Martin privately here. Or send an email with ATTN: Kelly Martin as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
