Mines D'Or Orbec Announces Closing of First Tranche of Private Placement
Mines D'Or Orbec (TSXV: BLUE) has completed the first tranche of its non-brokered private placement, raising $575,000 through the sale of 10.5 million units at $0.05 per unit and 714,284 flow-through shares at $0.07 per share.
Each unit consists of one common share and half a warrant, with each full warrant allowing purchase of an additional share at $0.075 within 18 months. The company will use flow-through proceeds for exploration at its Muus Property in Chibougamau, Québec, while unit proceeds will fund general exploration and working capital.
Notable participants include Chairman Chad Williams ($125,000) and CEO John Tait ($100,000). The second tranche is expected to close around May 9th, 2025. Securities are subject to a four-month hold period and TSXV final approval.
Mines D'Or Orbec (TSXV: BLUE) ha completato la prima tranche della sua collocazione privata senza intermediari, raccogliendo 575.000 $ attraverso la vendita di 10,5 milioni di unità a 0,05 $ ciascuna e 714.284 azioni flow-through a 0,07 $ per azione.
Ogni unità è composta da un'azione ordinaria e mezza warrant, con ogni warrant intero che consente l'acquisto di un'ulteriore azione a 0,075 $ entro 18 mesi. La società utilizzerà i proventi delle azioni flow-through per l'esplorazione nella sua proprietà Muus a Chibougamau, Québec, mentre i proventi delle unità finanzieranno l'esplorazione generale e il capitale operativo.
Tra i partecipanti di rilievo figurano il presidente Chad Williams (125.000 $) e l'amministratore delegato John Tait (100.000 $). La seconda tranche è prevista per la chiusura intorno al 9 maggio 2025. I titoli sono soggetti a un periodo di blocco di quattro mesi e all'approvazione finale della TSXV.
Mines D'Or Orbec (TSXV: BLUE) ha completado la primera tranche de su colocación privada sin intermediarios, recaudando 575,000 $ mediante la venta de 10.5 millones de unidades a 0.05 $ por unidad y 714,284 acciones flow-through a 0.07 $ por acción.
Cada unidad consta de una acción común y media warrant, siendo que cada warrant completo permite la compra de una acción adicional a 0.075 $ dentro de 18 meses. La compañía utilizará los fondos de las acciones flow-through para la exploración en su propiedad Muus en Chibougamau, Quebec, mientras que los fondos de las unidades financiarán la exploración general y el capital de trabajo.
Participantes destacados incluyen al presidente Chad Williams (125,000 $) y al CEO John Tait (100,000 $). Se espera que la segunda tranche cierre alrededor del 9 de mayo de 2025. Los valores están sujetos a un período de retención de cuatro meses y a la aprobación final de TSXV.
Mines D'Or Orbec (TSXV: BLUE)는 중개인 없이 진행한 사모 발행의 첫 번째 분할을 완료하여 단위당 0.05달러에 1,050만 단위와 주당 0.07달러에 714,284개의 플로우스루 주식을 판매하여 575,000달러를 모금했습니다.
각 단위는 보통주 1주와 워런트 0.5개로 구성되며, 워런트 1개는 18개월 이내에 0.075달러에 추가 주식 1주를 구매할 수 있는 권리를 제공합니다. 회사는 플로우스루 수익금을 퀘벡 주 치부가모에 위치한 무스 부동산 탐사에 사용할 예정이며, 단위 판매 수익금은 일반 탐사 및 운전자본에 활용됩니다.
주요 참여자는 회장 채드 윌리엄스(125,000달러)와 CEO 존 테이트(100,000달러)입니다. 두 번째 분할은 2025년 5월 9일경 마감될 예정입니다. 증권은 4개월 보유 기간과 TSXV의 최종 승인을 받습니다.
Mines D'Or Orbec (TSXV : BLUE) a finalisé la première tranche de son placement privé sans courtier, levant 575 000 $ grâce à la vente de 10,5 millions d’unités à 0,05 $ chacune et 714 284 actions flow-through à 0,07 $ par action.
Chaque unité comprend une action ordinaire et une demi-warrant, chaque warrant complet permettant l’achat d’une action supplémentaire à 0,075 $ dans les 18 mois. La société utilisera les fonds issus des actions flow-through pour l’exploration de sa propriété Muus à Chibougamau, Québec, tandis que les fonds des unités financeront l’exploration générale et le fonds de roulement.
Parmi les participants notables figurent le président Chad Williams (125 000 $) et le PDG John Tait (100 000 $). La deuxième tranche devrait se clôturer aux alentours du 9 mai 2025. Les titres sont soumis à une période de blocage de quatre mois et à l’approbation finale de la TSXV.
Mines D'Or Orbec (TSXV: BLUE) hat die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und dabei 575.000 $ durch den Verkauf von 10,5 Millionen Einheiten zu je 0,05 $ und 714.284 Flow-Through-Aktien zu je 0,07 $ eingenommen.
Jede Einheit besteht aus einer Stammaktie und einer halben Warrant, wobei jede volle Warrant den Kauf einer zusätzlichen Aktie zum Preis von 0,075 $ innerhalb von 18 Monaten ermöglicht. Das Unternehmen wird die Erlöse aus den Flow-Through-Aktien für die Exploration auf seinem Muus-Grundstück in Chibougamau, Québec, verwenden, während die Erlöse aus den Einheiten für die allgemeine Exploration und das Betriebskapital eingesetzt werden.
Bedeutende Teilnehmer sind Vorsitzender Chad Williams (125.000 $) und CEO John Tait (100.000 $). Die zweite Tranche soll um den 9. Mai 2025 abgeschlossen werden. Die Wertpapiere unterliegen einer viermonatigen Haltefrist und der endgültigen Genehmigung durch die TSXV.
- Insider participation with Chairman and CEO investing $225,000 combined
- Successfully raised $575,000 in first tranche financing
- Funds secured for exploration at Muus Property
- Dilutive financing at $0.05 per unit, below market price
- Additional dilution expected with second tranche closing
Brossard, Quebec--(Newsfile Corp. - April 24, 2025) - Mines D'Or Orbec Inc. (TSXV: BLUE) (the "Company" or "Orbec") is pleased to announce that it has completed the first tranche of its non-brokered private placement consisting of the sale of 10,500,000 units (the "Units") at a price of
Each Unit was comprised of one common share in the capital of the Company (a "Share") and one-half of one Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to acquire an additional Share (a "Warrant Share") at a price of
The gross proceeds from the issuance of the FT Shares will be used to incur resource exploration expenses on the Company's Muus Property in Chibougamau, Québec which will constitute "Canadian exploration expenses" as defined in subsection 66.1(6) of the Income Tax Act (Canada) (the "Tax Act") and "flow through mining expenditures" as defined in subsection 127(9) of the Tax Act and under section 359.1 of the Taxation Act (Québec) (the "Québec Tax Act") with respect to purchasers in Québec on or before December 31, 2026, that will be renounced with an effective date no later than December 31, 2025 to the purchasers of the FT Shares in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. The net proceeds from the issue of the HD Units will be used on exploring the Company's properties, and for working capital and general corporate purposes.
The Shares, FT Shares and Warrants are subject to a statutory hold period of four months and one day, and remain subject to the final approval of the TSX Venture Exchange (the "TSXV"). In connection with the Offering, the Company paid eligible finders a cash fee equal to
Orbec's Chairman, Chad Williams, purchased
About Orbec
Orbec is a gold company that owns
ON BEHALF OF THE BOARD
John Tait, CEO and Director
For more information, please visit our website www.orbec.ca or contact Mr. John Tait, info@orbec.ca.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" (collectively, forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "proposed", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, incur and renounce exploration expenditures in the timelines indicated; closing of the second and final tranche of the Offering; the use of proceeds from the Offering, the Company's objectives, goals and exploration activities conducted and proposed to be conducted at the Company's properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company's properties will be successful; exploration results; and future exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the Company's properties; the receipt of all applicable regulatory approvals for the Offering; the completion of the Offering on the terms described herein, or at all; failure to identify any mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company's properties; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described in the most recently filed management's discussion and analysis of the Company. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249730
FAQ
How much did Mines D'Or Orbec (BLUE) raise in their first tranche private placement?
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When is the second tranche of Mines D'Or Orbec's private placement expected to close?
