Opus One Gold Corporation Announces Closing of Second and Final Tranche of Announced Private Placement
September 11 2024 - 8:00AM
Opus One Gold Corporation (OOR: TSXV)
(“
Opus One Gold” or the
“
Company”), is pleased to announce the closing of
its second and final tranche of its previously announced
non-brokered private placement (the “
Offering”) of
units of the Company (the “
Units”).
As a part of the second tranche, the Company
issued 5,000,000 Units for gross proceeds of $100,000 at a price
per Unit of $0.02 and was comprised of one common share of the
Company (a “Share”) and one common share purchase
warrant (each a “Warrant”, and together, the
“Warrants”), with each Warrant entitling the
holder to acquire one common share (each a “Warrant
Share”) at an exercise price of $0.05 per Share for a
period of 24 months following the closing of the offering.
Therefore, in aggregate, the Company issued 18,050,000 Units for
aggregate gross proceeds of $361,000.
The Units were offered by way of the “accredited
investor” exemption under National Instrument 45-106 – Prospectus
Exemptions in all the provinces of Canada. The Units, Shares,
Warrants and Warrant Shares are subject to a four-month hold period
in Canada following the closing of the Offering. In connection with
the Offering, the Company has not paid any finder’s fees or issued
any finder warrants.
Closing is subject to the approval of the TSX
Venture Exchange and other customary closing conditions.
Shareholder Meeting
The Company also wishes to remind shareholders
that its annual general meeting of its shareholders is scheduled
for Thursday, September 12, 2024 at 11:00 a.m. (Eastern Time). The
meeting will be held via a virtual meeting platform and
shareholders are reminded that they must register for the meeting
using the following link: https://bitly.cx/ksTqN. Shareholders may
also communicate with management before the meeting to obtain a
copy of the meeting link for Thursday’s meeting.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the release.
ABOUT OPUS ONE GOLD CORPORATION
Opus One Gold Corporation is a mining
exploration company focused on discovering high quality gold and
base metals deposits within strategically located properties in
proven mining camps, close to existing mines in the Abitibi
Greenstone Belt, north-western Quebec and north-eastern Ontario -
one of the most prolific gold mining areas in the world. Opus One
holds assets in Val-d'Or and Matagami areas.
For more information, please
contact:
Louis MorinChief Executive Officer &
Director Tel.: (514) 591-3988
Michael W. Kinley, CPA, CAPresident, Chief Financial Officer
& Director Tel: (902) 402-0388
info@OpusOneGold.com
Visit Opus One’s website: www.OpusOneGold.com
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