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Nioko Resources Corporation Subscribes for 10,719,659 Common Shares of Orezone Gold Corporation
Apr 02, 2025•about 1 year ago
Contract Type
partnership
VancouverMiningMineralMining Technology
Description
Orezone Gold Corporation has closed a private placement with Nioko Resources Corporation, in which Nioko subscribed for 10,719,659 common shares at a price of C$0.82 per share. The net proceeds from the placement will be used to accelerate the hard rock expansion and additional exploration at the Bomboré Gold Mine, as well as for working capital and general corporate purposes.
Company Information
Company
Orezone Gold Corporation
Location
Vancouver, British Columbia, Canada
About
Orezone Gold Corporation is a Canadian mining company operating the open pit Bomboré Gold Mine in Burkina Faso. The company is focused on mining and processing the Phase I near surface free-dig oxides at a throughput of 5.9 million tonnes per annum (Mtpa), with planned Phase II Expansion to deliver a significant increase in annual gold production at a low incremental capital cost. Orezone is led by an experienced team focused on social responsibility and sustainability.
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VancouverMiningMineralMining Technology