Nioko Resources Files Early Warning Report IN Respect of Orezone GOLD Corporation
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NIOKO RESOURCES FILES EARLY WARNING REPORT
IN RESPECT OF OREZONE GOLD CORPORATION
Ouagadougou, Burkina Faso, August 8, 2024 – This news release is issued by Nioko Resources
Corporation (“Nioko Resources” or the “Acquiror ”) pursuant to the early warning requirements of
Canada’s National Instrument 62-104 and National Instrument 62-103 with respect to common shares
(the “Common Shares”) of Orezone Gold Corporation (“Orezone”), a reporting issuer in each of the
Provinces and Territories of Canada with a head office at 450- 505 Burrard St., Vancouver, British
Columbia, V7X 1M3.
On August 8, 2024, the Acquiror acquired ownership of 92,743,855 Common Shares (the “Acquired
Shares”) issued from treasury at a price of C$0.70 per Acquired Share for aggregate consideration of
C$64,920,698.50 (the “Equity Financing”).
The Acquired Shares represent approximately 19.99% of the Common Shares issued and outstanding
on closing of the Equity Financing. Prior to closing of the Equity Financing, Nioko Resources did not
beneficially own or control or have direction over, directly or indirectly, any securities of Orezone.
The Acquiror acquired the Acquired Shares for investment purposes. Depending on market and other
conditions, the Acquiror may increase or decrease its beneficial ownership, control or direction over
Common Shares through market transactions, private agreements, treasury issuances, exercise of
options, warrants, convertible securities or otherwise, in each case as investment conditions warrant.
An early warning report (the “Report”) disclosing the acquisition of the beneficial ownership of the
Acquired Shares under the Equity Financing will be filed on Orezone’s SEDAR+ profile at
www.sedarplus.ca and can be obtained from Nioko Resources , Ouagadougou, Secteur 54, Parcelle
02, Lot 17, Section 281(I), S/C 01 BP 2061, Ouagadougou 01, Burkina Faso, attention: Director
General, by phone: (+226) 70 21 70 04 or by email : [email protected]. The
Report updates an early warning report that was filed by the Acquiror on July 11, 2024.
About Nioko Resources Corporation
Nioko Resources is a West African investment group focused on regional growth.
Forward-Looking Statements
This news release may contain “forward-looking statements ” within the meaning of applicable
securities legislation, including statements regarding the filing of the Report and the disposition or
acquisition of additional Common Shares or other securities of Orezone by Nioko Resources. Forward-
looking statements are necessarily based upon a number of estimates and assumptions that, while
considered reasonable by management at the time of preparation, are inherently subject to significant
business, economic and competitive uncertainties and contingencies, and may prove to be incorrect.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that
may cause actual financial results, performance or achievements to be materially different from the
estimated future results, performance or achievements expressed or implied by those forward-looking
statements and the forward-looking statements are not guarantees of future performance. Except as
required by law, Nioko Resources disclaims any obligation to update or revise any forward- looking
statements, whether as a result of new information, events or otherwise.
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For further information:
Director General
Phone: (+226) 70 21 70 04
Email: [email protected].