Omai Gold increases private placement to $40-million

Executive Summary

• Omai Gold Mines Corp. upsized its previously announced bought‑deal private placement to $40 million, issuing 34,783,000 common shares at $1.15 per share.
• Net proceeds will be used for exploration and development of the Omai gold project and general working capital.
• The offering is expected to close around October 21, 2025, with a reduced underwriters’ fee structure and a “president’s list” allocation of up to $1.5 million of shares.

Key Details

• Offering Size: Increased to $40,000,450 gross proceeds (34,783,000 shares at $1.15 each).
• Underwriters: Paradigm Capital Inc. – lead underwriter and sole bookrunner; previous underwriters’ option eliminated.
• Fees:
• Standard underwriting fee: 5.5 % of gross proceeds.
• President’s list fee (for up to $1.5 M of shares): 3 % of gross proceeds.
• Use of Proceeds: Primarily for exploration and development of the Omai gold project; remainder for general working capital.
• Closing Date: Anticipated on or about Oct. 21, 2025, subject to customary closing conditions (TSX‑V listing approval, regulatory approvals).
• Securities Offering Mechanics: Private placement in Canada; U.S. offering under exemption from registration (1933 Act); other jurisdictions as agreed.
• Holding Period: Shares issued in Canada subject to a four‑month‑plus‑one‑day hold period from closing.
• President’s List Allocation: Company may allocate up to $1.5 million of shares at the issue price to a list of subscribers selected by the president.
• Previous Offering Context: This upsize follows an earlier bought‑deal private placement announced on Sept. 30, 2025; underwriters’ option from that prior announcement is now cancelled.

Notable Quotes

(No direct quotes were provided in the release.)