Opus One Gold Completes Final Tranche of Private Placement Funding
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Opus One Gold Completes Final Tranche of Private Placement Funding
Opus One Gold Corporation (OOR: TSXV) has reached an important milestone by finalizing the second tranche of its announced private placement. This non-brokered offering has successfully attracted significant investment, demonstrating the market’s confidence in Opus One’s potential.
Details of the Offering
In this phase, the Company issued 5,000,000 Units, generating gross proceeds of $100,000. Each Unit consists of one common share and one common share purchase warrant. The Warrants offer investors the right to purchase an additional share at a price of $0.05 for 24 months following the closing. In total, the Company has successfully placed 18,050,000 Units, raising a commendable $361,000.
Compliance and Regulatory Matters
The Offering utilized the accredited investor exemption, streamlined under National Instrument 45-106, which governs prospectus exemptions across Canada. Following the offering, there is a standard four-month hold period on the Units in compliance with Canadian securities regulations. Notably, during this offering, the Company has not incurred costs related to finder’s fees or finder warrants, keeping the financial health intact.
Shareholder Engagement and Updates
As a part of its commitment to transparency and shareholder engagement, Opus One Gold reminds its stakeholders about the upcoming annual general meeting. This important event is set to take place virtually, allowing shareholders to engage with management and obtain crucial information regarding the Company’s future directions. Stakeholders are encouraged to register in advance to ensure their participation.
Opus One’s Vision and Strategy
Opus One Gold Corporation is dedicated to exploring high-quality gold and base metals deposits, targeting regions rich in mining history. The Company actively engages in advancing its projects within the Abitibi Greenstone Belt, recognized globally for its wealth of gold mines. This strategic focus incorporates properties in well-known mining corridors, enhancing the likelihood of discovering substantial mineral resources.
Contact Information for Stakeholders
For further inquiries regarding corporate developments or investment opportunities, stakeholders can reach out to:
Louis Morin
Chief Executive Officer & Director
Tel.: (514) 591-3988
Michael W. Kinley, CPA, CA
President, Chief Financial Officer & Director
Tel: (902) 402-0388
For digital communication, reach out to: info@OpusOneGold.com
To explore more about the Company and its operations, visit their official website: www.OpusOneGold.com
Frequently Asked Questions
What is Opus One Gold Corporation known for?
Opus One Gold Corporation is a mining exploration company specializing in high-quality gold and base metals exploration in strategically located properties.
How much did Opus One Gold raise in this tranche?
In the final tranche, Opus One Gold raised $100,000 by issuing 5,000,000 Units.
What are the terms of the purchase warrants issued?
The purchase warrants allow holders to acquire common shares at $0.05 each for a period of 24 months following the offering.
Where are Opus One's mining projects located?
Opus One Gold’s projects are primarily located in the Abitibi Greenstone Belt, a prominent gold mining region in Canada.
When is the Company's annual general meeting?
The annual general meeting for shareholders is set for Thursday and will be conducted virtually.
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