Opus One Gold Completes Final Tranche of Private Placement Funding
Opus One Gold Corporation (OOR: TSXV) has achieved a significant milestone by wrapping up the second tranche of its private placement. This non-brokered offering has successfully drawn in substantial investment, reflecting strong market confidence in Opus One’s potential.
Details of the Offering
In this latest phase, the Company issued 5,000,000 Units, bringing in gross proceeds of $100,000. Each Unit includes one common share paired with one common share purchase warrant. These Warrants grant investors the option to buy an additional share at a price of $0.05 for 24 months after the offering closes. Overall, the Company has successfully placed 18,050,000 Units, raising a respectable total of $361,000.
Compliance and Regulatory Matters
This Offering made use of the accredited investor exemption as laid out in National Instrument 45-106, which administers prospectus exemptions across Canada. Post-offering, there’s a standard four-month hold period on the Units, adhering to Canadian securities regulations. Importantly, during this offering, the Company did not incur any expenses related to finder’s fees or warrants, which has maintained its financial health.
Shareholder Engagement and Updates
In line with its pledge to uphold transparency and engage with shareholders, Opus One Gold wants to remind its stakeholders about the upcoming annual general meeting. This key event is scheduled to occur virtually, giving shareholders a chance to interact with management and gain essential insights regarding the Company’s future plans. Stakeholders should register ahead of time to secure their spot.
Opus One’s Vision and Strategy
Opus One Gold Corporation is committed to exploring high-quality gold and base metals deposits in areas with rich mining histories. The Company is actively progressing its projects within the Abitibi Greenstone Belt, which is renowned worldwide for its abundance of gold mines. This strategic focus on properties in established mining corridors enhances the chances of discovering significant mineral resources.
Contact Information for Stakeholders
If stakeholders have questions about corporate developments or investment opportunities, they 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 inquiries, please contact: info@OpusOneGold.com
To learn more about the Company and its activities, 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 firm that focuses on high-quality gold and base metals exploration in strategically chosen locations.
How much did Opus One Gold raise in this tranche?
In this 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 give holders the right to acquire common shares at $0.05 each for a duration of 24 months after the offering.
Where are Opus One's mining projects located?
Opus One Gold’s projects are primarily situated in the Abitibi Greenstone Belt, a significant gold mining area in Canada.
When is the Company's annual general meeting?
The annual general meeting for shareholders is scheduled for Thursday and will be held virtually.
