Orezone Gold Corporation Moves Forward with A$75 Million Offer
Orezone Gold Corporation Initiates A$75 Million Fundraising
Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF), a prominent name in the West African gold production sector, is on the brink of significant expansion as it unveils its latest prospectus. As part of its initiative to gain a listing on the Australian Securities Exchange (ASX), the company aims to raise a substantial A$75 million. The funds will play a pivotal role in advancing the company’s operations and expanding its shareholder base.
Details of the Prospectus and Initial Public Offering
The prospectus lodged with the Australian Securities and Investments Commission (ASIC) details the company’s offer to distribute 65,789,474 CHESS Depository Interests (CDIs). Each CDI corresponds to one fully paid common share, priced at A$1.14 per CDI. This ambitious fundraising effort underlines Orezone’s commitment to meeting ASX criteria and reinforcing its market presence.
Support from Financial Experts
Orezone has strategically partnered with Canaccord Genuity (Australia) Limited, who will act as the lead manager and underwriter for the offering. This partnership is key in providing the momentum necessary for successfully underwriting the applications under the offer. Co-managers Euroz Hartleys Limited, Argonaut Securities Pty Limited, SCP Resource Finance LP, and BMO Capital Markets Corp. will further bolster the initiative.
CEO’s Vision for Growth
President and CEO Patrick Downey expressed enthusiasm regarding the ASX listing, emphasizing how it will broaden the company's appeal among investors and enhance liquidity for shareholders. The listing represents a strategic move as Orezone aims to accelerate its hard rock expansion strategy at the Bomboré Mine, which commenced operations in December 2022. Downey outlined a clear trajectory towards increased production, forecasting a significant rise in gold output with estimates of 170,000 to 185,000 ounces in 2026, and an overall potential to reach 220,000 to 250,000 ounces annually with ongoing development.
Utilization of Proceeds from the Offering
Strategically, the net proceeds from this A$75 million offering will be directed towards advancing phase two of the Bomboré Mine hard rock project. This includes crucial expenditures on equipment procurement, engineering design, construction, and commissioning. Additionally, Orezone will allocate part of the funds for exploration activities and general corporate expenses, which are vital for maintaining seamless operations.
Offer Schedule and Financial Insights
The offer opened on July 11, 2025, and will close by July 21, 2025, with trading on ASX expected to commence shortly thereafter under the ticker code "ORE". Key financial insights reveal that the offer price represents a competitive discount compared to Orezone's recent Toronto Stock Exchange performance, making it an attractive proposition for incoming investors.
Understanding Orezone’s Operations
Orezone Gold Corporation is dedicated to advancing its flagship Bomboré Gold Mine in Burkina Faso, which holds a 90% ownership stake. Recent developments have positioned Orezone as a front-runner in sustainable mining, consistently aligning operational growth with environmental responsibility. The Bomboré Mine is focused on maximizing both its oxide and hard rock operations, ensuring a robust production strategy.
Contact Information
For further inquiries, interested parties can reach out to Orezone's executive team. Patrick Downey serves as the company’s President and CEO, while Kevin MacKenzie oversees Corporate Development and Investor Relations. They can be contacted at +1 778 945 8977 or via email at info@orezone.com.
Frequently Asked Questions
What is the purpose of the A$75 million fundraising?
The funds will primarily be used for the advancement of Orezone's hard rock expansion at the Bomboré Mine and overall operational enhancement.
When does the offer for CDIs open and close?
The offer commenced on July 11, 2025, and is set to close on July 21, 2025.
Who are the key financial partners involved in the IPO?
Key financial partners include Canaccord Genuity, Euroz Hartleys, Argonaut Securities, SCP Resource Finance, and BMO Capital Markets.
What is expected production from the Bomboré Mine post-expansion?
The combined operations are expected to produce between 170,000 to 185,000 ounces of gold in 2026, potentially increasing to 220,000 to 250,000 ounces per annum after expansion.
How can investors contact Orezone for more information?
Investors can reach Orezone at +1 778 945 8977 or email info@orezone.com for further inquiries.
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