Opus One Resources Announces Closing of a Flow- Through Private Placement Financing
4710 Saint-Ambroise Street, Suite 308
Montreal, Quebec, H4C 2C7
Tel: (514) 591-3988
NEWS RELEASE
January 4, 2022 Trading Symbol: TSX-V: OOR
OPUS ONE RESOURCES ANNOUNCES CLOSING OF A FLOW-
THROUGH PRIVATE PLACEMENT FINANCING
MONTREAL, QC - OPUS ONE Resources Inc. (the “Company” or “OPUS ONE”) – (TSX
Venture Exchange: OOR), announces that it has closed, on December 30, 2021, it’s
previously announced non-brokered flow through private placement (the "Flow Through
Offering") for total gross proceeds of $ 173,000. In total, the Company issued 2,883,334
flow-through common shares (the “Flow -Through Shares”) at a price of $0.0 6 per Flow-
Through Share.
In connection with the closing, the Company paid total finders' fees of $13,840 in cash.
An insider of the Company subscribed for 500,000 Flow-Through Shares. As such, his
participation constitutes a “related party transaction” as defined un der Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI
61-101”). Such participation is exempt from the formal valuation and minority shareholder
approval requirements of MI 61-101 as neither the fair market value of the Flow-Through
Shares acquired by the insider nor the consideration for the Flow-Through Shares paid by
such insider, exceed 25% of the Company’s market capitalization. The Company did not
file a material change report 21 days prior to the closing date of the Flow-Through Offering
as details of the participation of such insider in the Flow-Through Offering was unknown
at such time.
The Offering remains subject to the final approval of the TSX Venture Exchange. The
proceeds of the Offering will be used by the Company to advance its Noyell and Fecteau
exploration projects within Quebec.
About Opus One Resources Inc.
Opus One Resources Inc. is a mining exploration company focused on discovering high
quality gold and base metals deposits within strategically located properties in proven
mining camps, close to existing mines in the Abitibi Greenstone Belt, north -western
Quebec and north-eastern Ontario - one of the most prolific gold mining areas in the world.
Opus One holds assets in Val d'Or, Matagami and Chibougamau areas. Opus controls a
100% interest in the following projects:
• Noyell property (option to earn 100%) is located few kilo meters East of Nottaway
Resources Vezza Mine, within the Casa Berardi gold district.
• Vezza Extension and Vezza North are located few kilometers West and North of
Nottaway Resources Vezza Mine;
• Fecteau property (option to earn 100%), located in the Urban -Barry greenstone
belt, east of Osisko Mining’s Windfall Lake deposit, currently one of the most active
exploration area in Canada.
• Bachelor Extension property is adjacent to Bonterra Resources Inc. - Bachelor
Gold Mine;
• Courvillle gold property is located east of Val D’Or;
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
For more information, please contact:
Louis Morin, CEO & Director
T (514) 591-3988
Michael W. Kinley, CPA, CA
President, CFO & Director
T (902) 826-1579
F (902) 826-2550
C (902) 402-0388
Visit Opus One’s website: www.OpusOneResources.com