Orezone Gold Corporation has completed its initial public offering on the Australian Securities Exchange (“ASX”) consisting of the issuance of 65,789,474 CHESS Depository Interests (“CDIs”) over fully paid common shares in the capital of the company ("Shares") at an offer price of A$1.14 per CDI to raise gross proceeds of A$75 million.
The net proceeds of the offer will be used for the ongoing advancement of stage 2 of the hard rock expansion, including procurement of mechanical and electrical equipment, freight to site, engineering design, construction, and commissioning, as well as ongoing exploration at the Bomboré Mine, in addition to administration and working capital purposes.
Canaccord Genuity (Australia) Limited acted as the lead manager, bookrunner and underwriter to the offer pursuant to the terms of the underwriting agreement between Orezone and Canaccord.
Stikeman Elliott acted as Canadian counsel to Orezone Gold with a team that included Victor Gerchikov, Ben Schach, Dax Moir and Veronica Plihal (Securities), Gordon Masson and Rohan Gupta (Tax), Grace Hardwicke-Brown (Articling Student) and Laura Vega (Securities Paralegal).