Orezone Announces Voting Results from the Annual and Special Meeting and Provides Update on Timing for Approval of the Convertible Note Facility
OREZONE GOLD CORPORATION
910-1111 Melville Street
Vancouver, BC, V6E 3V6
T: 778-945-8977
OREZONE TO HOST INVESTOR WEBINAR ON JULY 12, 2021
Orezone Announces Voting Results from the Annual and Special Meeting
and Provides Update on Timing for Approval of the Convertible Note Facility
June 30, 2021 – Vancouver, BC - Orezone Gold Corporation (TSX.V: ORE, OTCQX: ORZCF) (the
“Company”) announces that it will host an investor webinar on July 12, 2021, the results of its annual and
special meeting of shareholders held on June 30, 20 21 (the “ Shareholder Meeting”) and provid es an
update on timing for approval of the Convertible Note Facility.
Investor Webinar
Monday, July 12th at 10:00 am (PDT) / 1:00 pm (EDT)
Orezone will host an investor webinar on Monday, July 12th at 10:00 am PDT / 1:00 pm EDT to provide an
update on the development of Bomboré, Burkina Faso’s next gold mine.
To register for the webinar, please click here.
Shareholder Meeting
At the Shareholder Meeting, all director nominees, as listed in the Management Proxy Circular dated May
27, 2021, were re-elected as directors of the Company. As a result, the directors of the Company remain
as follows:
• Patrick Downey, President and CEO
• Michael Halvorson, Chair
• Ronald Batt
• Joseph Conway
• Charles Oliver
• Stephen Axcell
• Kate Harcourt
• Marco LoCascio
At the Shareholder Meeting, shareholders of the Company also approved:
• The re-appointment of Deloitte LLP as auditor and authorized the Board to fix the auditor’s
remuneration for the ensuing year.
• The Company’s 10% rolling stock option plan.
Convertible Note Facility
The Company is working to finalize documentation on the Senior Debt Facility, the Convertible Note
Facility, the Silver Stream Agreement and the related intercreditor agreement.
The 8.5% Convertible Note Facility included in the Bomboré Project debt package will be convertible at
the option of the lenders at any time at a conversion price of US$1.08, representing a 30% premium to
the offering price of the bought deal equity offering that closed on January 28, 2021.
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The Company expects to call a special shareholder meeting on or about August 31, 2021 to approve the
issuance of the Convertible Note Facility to Resource Capital Fund VII L.P. (“RCF VII”).
RCF VII and Beedie Investments Ltd. have agreed to subscribe for US$25 million and US$10 million,
respectively.
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 bri ng 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
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain information that 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 statements 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 respec t to
the calling of a special shareholder meeting on or about August 31, 2021, 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 failur e of parties to contracts to perform as agreed; social or labour unrest; changes in
commodity prices; unexpected 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, market 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 factors 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.
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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.