Orezone Gold Announces C$8.8 Million
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Orezone Gold Corporation announced a C$8.8 million private placement with Nioko Resources Corporation to maintain its 19.9% ownership. Nioko will subscribe for 10,719,659 common shares at C$0.82 per share.
March 17, 2025 | 11:15 am
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Orezone Gold Corporation announced a private placement with Nioko Resources for C$8.8 million to maintain Nioko's 19.9% ownership. This involves the subscription of 10,719,659 shares at C$0.82 each.
The private placement indicates a strong commitment from Nioko Resources to maintain its stake in Orezone Gold, which could be seen positively by the market. The share price of C$0.82 aligns with recent offerings, suggesting stability in valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100