Orezone GOLD Announces Full Exercise of over-Allotment Option
OREZONE GOLD CORPORATION
450-505 Burrard Street
Vancouver, BC, V7X 1M3
T: 778-945-8977
OREZONE GOLD ANNOUNCES FULL EXERCISE OF OVER-ALLOTMENT OPTION
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
March 19, 2025 – Vancouver, BC - Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company”
or “Orezone”) announces that Canaccord Genuity Corp. , the sole underwriter and bookrunner for the
Company’s previously announced C$35 million bought deal financing that closed on March 13, 2025 (the
“Offering”), has now fully exercised their over-allotment option (the “Over-Allotment Option”) under the
Offering to acquire an additional 6,402,450 common shares of the Company (the “ Shares”) at a price of
C$0.82 per Share for additional gross proceeds of C$5,250,009. The issuance and purchase of the
additional 6,402,450 Shares closed earlier today.
The Company intends to use the net proceeds from the Over -Allotment Option to accelerate both stage
2 of the hard rock expansion and additional exploration at its Bomboré Gold Mine, as well as for working
capital and general corporate purposes , as further described in the Company’s short form prospectus
dated March 7, 2025.
The securities referred to in this news release have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), and may not be offered or sold
within the United States absent U.S. registration or an applicable exemption from the U.S. registration
requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for
offers to b uy any securities in the United States, nor in any other jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Orezone Gold Corporation
Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining,
developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved
commercial production on its oxide operations on December 1, 2022, and is now focused on its staged
hard rock expansion that is expected to materially increase annual and life-of-mine gold production from
the processing of hard rock m ineral reserves. Orezone is led by an experienced team focused on social
responsibility and sustainability with a proven track record in project construction and operations,
financings, capital markets and M&A.
The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on
SEDAR+ and the Company’s website.
Contact Information
Patrick Downey
President and Chief Executive Officer
2
Kevin MacKenzie
Vice President, Corporate Development and 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.
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 regarding the use of proceeds of the Over-Allotment Option.
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 pandemics, terrorist or other violent attacks
(including cyber security attacks), the failure of parties to contracts to honour contractual commitments,
unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or
labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the
possibility of 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 financin g 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+. 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.