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Orezone Gold Corp ORZCF


Primary Symbol: T.ORE

Orezone Gold Corporation is a Canada-based West African gold producer engaged in mining, developing, and exploring its flagship Bombore Gold Mine (90%-owned) in Burkina Faso. The Bombore mine is an open pit gold. The Bombore mine is focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Bombore is situated 85 kilometers (kms) east of the capital city of Ouagadougou and is readily accessed by paved international highway thereby offering excellent infrastructure and simple logistics.


TSX:ORE - Post by User

Post by lumpy13on Jul 10, 2024 4:28pm
167 Views
Post# 36127118

What's good about the capital raise/financing

What's good about the capital raise/financing1.  Loan is in local currency and at a reasonable rate.  
2.  Equity raise was at premium to current market price.
3.  No warrants.
4.  Most importantly, a local/regional shareholder, who was willing to pay a premium, and which will help provide local political support.

All in all, a positive step forward in moving ORE to become a 170k oz producer with funding at acceptable terms.
No complaints.
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