The Prospector News

Orea Announces Closing of Oversubscribed Non-Brokered Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Orea Announces Closing of Oversubscribed Non-Brokered Private Placement

 

 

 

 

 

Orea Mining Corp. (TSX: OREA) (OTCQB: OREAF) (FSE: 3CG) is pleased to announce that it has closed its non-brokered private placement previously announced on January 9, 2023.

 

The Private Placement was oversubscribed, raising gross proceeds of CAD$1,056,900 through the issuance of 10,569,000 units at a price of CAD$0.10 per unit. Each unit is comprised of one common share of Orea, and one full warrant. Each warrant entitles the holder, on exercise, to purchase one Share at a price of CAD$0.15 for a period of 12 months from the closing date of the Private Placement. An aggregate of 227,430 finders’ warrants and CAD$22,743 has been paid in finders’ fees. The securities issued in the Private Placement are subject to a hold period expiring on May 24, 2023.

 

Orea intends to use the proceeds of the Private Placement for general working capital purposes.

 

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. State Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor any other jurisdiction.

 

About Orea

 

Orea is awaiting a decision by the Supreme Court of France regarding the renewal of the Montagne d’Or mining titles (see press release of May 10, 2022). Montagne d’Or is a multi-million ounce, permitting stage, open pit gold mine development project, with good grade and excellent metallurgy, and with considerable potential to increase ounces by infill and expansion drilling.

 

Posted January 26, 2023

Share this news article

MORE or "UNCATEGORIZED"


Great Pacific Gold Announces Closing of Upsized $16.9 Million Private Placement Financing Led by Canaccord Genuity Corp

Great Pacific Gold Corp. (TSX-V: GPAC) (OTCQX: FSXLF) (FSE: V3H)... READ MORE

July 3, 2025

Ridgeline Minerals Provides Assay Results and Drill Program Updates for the Big Blue and Atlas Projects

Big Blue highlights: 0.6 meters grading 0.7% Cu, 3,194 g/t Ag and... READ MORE

July 3, 2025

Goldshore Intersects 42.7m of 1.09 g/t Au at the Eastern QES Zone of the Moss Deposit

Goldshore Resources Inc. (TSX-V: GSHR) (OTCQB: GSHRF) (FSE: 8X00)... READ MORE

July 3, 2025

Dios Sells K2 to Azimut

Dios Exploration Inc. (TSX-V: DOS) is pleased to report it has e... READ MORE

July 3, 2025

Northisle Announces Near Surface Intercepts and Higher-Grade Intercepts at Depth at West Goodspeed on its North Island Project

Highlights: Recent drilling at West Goodspeed supports the presen... READ MORE

July 3, 2025

Copyright 2025 The Prospector News