Orezone Announces Overwhelming Support FOR Approval of Resolutions at Special Shareholder Meeting
OREZONE GOLD CORPORATION
910-1111 Melville Street
Vancouver, BC, V6E 3V6
T: 778-945-8977
OREZONE ANNOUNCES OVERWHELMING SUPPORT FOR APPROVAL
OF RESOLUTIONS AT SPECIAL SHAREHOLDER MEETING
August 31, 2021 – Vancouver, BC - Orezone Gold Corporation (TSX.V: ORE, OTCQX: ORZCF) (the
“Company” or “Orezone”) announces that the matters, as set out in more detail in its Management
Information Circular dated August 3, 2021 (the “Circular”), were considered and voted on by shareholders
at the special meeting of shareholders held on August 31, 2021.
Shareholders overwhelmingly voted to approve the creation of a potential new control person of the
Company, being Resource Capital Fund VII L.P. (“RCF VII”) and the issuance by the Company to RCF VII of
a secured convertible debenture, each as more particularly described in the Circular. Shares beneficially
owned by RCF VII were excluded from the vote as required by the TSXV.
Mr. Patrick Downey, the Company’s President and CEO , commented, “We are very pleased with
the shareholder turnout and thank our shareholders for their support with 99.7 8% of the eligible shares
voting in favour of the RCF VII resolution. With this vote secured, we now expect to close the
Convertible Note Facility, the Senior Debt Facility, and the Silver Stream Agreement in September
2021”.
About Orezone Gold Corporation
Orezone Gold Corporation (TSX.V: ORE OTCQX: ORZCF) is a Canadian development company which
owns a 90% interest in Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.
The 2019 feasibility study highlights Bomboré as an attractive shovel-ready gold project with forecasted
annual gold production of 118,000 ounces over a 13+ year mine life at an All-In Sustaining Cost
of US$730/ounce with an after-tax payback period of 2.5 years at an assumed gold price of US$1,300/
ounce. Bomboré is underpinned by a mineral resource base in excess of 5 million gold ounces and
possesses significant expansion potential. Orezone is fully funded to bring Bomboré into production
with the first gold pour scheduled for Q3-2022.
Patrick Downey
President and Chief Executive Officer
Vanessa Pickering
Manager, Investor Relations
Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663
[email protected] / www.orezone.com
For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website
at www.orezone.com.
Neither 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.
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Cautionary Note Regarding Forward-Looking Statements
This press release contains certain information th at may constitute “forward -looking information” within the
meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable
U.S. securities laws (together, “forward -looking statements”). Forward -looking stat ements are frequently
characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential",
"possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should"
occur. Forward-looking statements in this press release include, but are not limited to, statements with respect to
closing of the Bomboré Project debt package and the Bomboré project being fully funded to production and projected
first gold by Q3-2022.
All such forward-looking statements are based on certain assumptions and analyses made by management in light
of their experience and perception of historical trends, current conditions and expected future developments, as well
as other factors management and the qualified persons believe are appropriate in the circumstances.
All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in the forward-looking statements including, but not
limited to, delays caused by the COVID-19 pandemic, terrorist or other violent attacks, the failure of parties to contracts to
honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by
applicable authorities; the failure of parties to contracts to perform as agreed; social or labour unrest; changes in
commodity prices; u nexpected failure or inadequacy of infrastructure, the possibility of project cost overruns or
unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key
management personnel and general economic, mar ket or business conditions, the failure of exploration programs,
including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the
availability and costs of financing needed in the future, and other fa ctors described in the Company's most recent
annual information form and management discussion and analysis filed on SEDAR on www.sedar.com. Readers are
cautioned not to place undue reliance on forward-looking statements.
Although the forward -looking statements contained in this press release are based upon what management of the
Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be
consistent with these forward-looking statements. These forward-looking statements are made as of the date of this
press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities
laws, the Company does not assume any obligation to update or revise the forward-looking statements contained
herein to reflect events or circumstances occurring after the date of this press release.