Orestone Announces $2,000,000 Non-Brokered Private Placement

Executive Summary

• Orestone Mining Corp. announced a non‑brokered private placement of up to 25 million units at $0.08 per unit, targeting gross proceeds of up to $2 million.
• Each unit consists of one common share and one warrant exercisable at $0.16 for one year; the company may pay a 7% cash finder fee.
• Net proceeds are earmarked for development of the Francisca (Argentina) and Captain (British Columbia) properties and for general working capital.

Key Details

• Offering Size: Up to 25,000,000 units @ $0.08 per unit → maximum gross proceeds of $2,000,000.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Exercise price $0.16 per share; exercisable for one year from issuance date.
• Closing Date: On or about October 30, 2025 (or later), subject to TSX Venture Exchange conditional approval.
• Finder Fee: Up to 7% of gross proceeds may be paid to arm’s‑length finders, pending exchange and legal approvals.
• Related Party Participation: Directors, officers, and insiders expected to acquire units; transaction relies on MI 61‑101 exemptions because the fair market value is not expected to exceed 25% of market cap.
• Use of Proceeds:
• Further development of Francisca property (Salta Province, Argentina).
• Further development of Captain property (British Columbia, Canada).
• General administrative expenses and working capital.

Notable Quotes

“We are pleased to announce this financing which will provide the necessary capital to advance our key projects in Argentina and British Columbia.” – David Hottman, CEO

The securities have not been registered under U.S. securities laws and may not be offered or sold in the United States.