Orezone Gold Corporation (TSX: ORE) has completed its equity financing. The company issued 13,340,000 common shares for $0.75 per share to an underwriting syndicate led by Canaccord Financial Ltd. and CIBC World Markets Inc., and included Desjardins Securities Inc. and Raymond James Ltd.. Through the issuance of the shares, the company receives gross proceeds of C$10,005,000. Orezone plans to use its net proceeds to fund current exploration and development at its West African projects.
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Orezone is a gold exploration and development company with more than 15 years experience in West Africa. Orezone delineated, developed, financed and sold Burkina Faso's largest deposit (Essakane) to IAMGOLD for $350M and continues to focus on developing the rest of its pipeline of advanced projects including Bombore, one of the largest deposits in Burkina Faso.
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