- Opus One Gold (OOR) announced the closing of a non-brokered private placement for gross proceeds of $500,000
- The company issued 25,000,000 units at $0.02
- Each unit comprises of one common share and one common share purchase warrant
- Opus One is a mining exploration company, focusing on discovering gold deposits in the Abitibi Greenstone Belt, in North-West Quebec
- Opus One Gold Corporation (OOR) opened trading at C$0.04 per share
Opus One Gold (OOR) has closed its previously announced non-brokered private placement for gross proceeds of $500,000.
The company issued 25,000,000 units at $0.02. Each unit comprises of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share at $0.05 for 24 months following the closing of the offering.
The units were offered by way of the “accredited investor” exemption. All securities issued are subject to a statutory four-month hold period.
Insiders’ participation amounted to $20,000 for this offering. The insiders’ participation is exempt from the formal valuation and minority shareholder approval requirements.
The company will use the proceeds to advance its Noyell exploration project within Quebec, to consider possible further property acquisitions, and for general administrative purposes.
The offering remains subject to the final approval of the TSX Venture Exchange.
About Opus One Gold Corporation
Opus One is a mining exploration company focusing on discovering gold deposits in the Abitibi Greenstone Belt in North-West Quebec. Its project portfolio includes Noyell-Vezza, Chibougamau, Northern Abitibi, and Courville, among others.
Opus One Gold Corporation (OOR) opened trading at C$0.04 per share.