Orezone Gold Corporation issues Amended Convertible Debenture to Resource Capital Fund VII L.P.
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Orezone Gold Corporation has amended a convertible debenture with Resource Capital Fund VII L.P., which could impact the company's stock due to potential share issuance.
December 23, 2024 | 1:15 pm
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NEUTRAL IMPACT
Orezone Gold Corporation has amended a $25 million convertible debenture with Resource Capital Fund VII L.P. This amendment could lead to the issuance of common shares, impacting the stock's supply and potentially its price.
The amendment of the convertible debenture suggests potential issuance of new shares, which could dilute existing shares and affect the stock price. However, the exact impact depends on market perception and the terms of the amendment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80