Northwire Canada EditionTuesday, July 28, 2026
Sign inSubscribe
Northwire
⌕
LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0% LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0%
Financings

Orestone Announces Strategic Shareholder Crescat Capital LLC Participation in Private Placement

By The Northwire Desk — AI Analysis Oct 14, 2025 · 08:06 ORS · 0.08 Orestone Mining Corp.
ORS · Price

Executive Summary

  • Crescat Capital LLC confirmed participation in Orestone Mining Corp.’s non‑brokered private placement, committing up to $2 million.
  • As a lead order, Crescat will subscribe for 2,910,000 units at a gross proceeds amount of $232,800, preserving its 11.64% ownership stake.
  • The financing is intended to fund continued exploration, including drilling on the Francisca property in Argentina.

Key Details

  • Financing Structure: Non‑brokered private placement of Units (each consisting of one common share and one warrant).
  • Investor Commitment: Crescat Capital LLC, acting through Crescat Portfolio Management LLC for five pooled investment funds, will purchase up to 2,910,000 Units.
  • Gross Proceeds from Lead Order: $232,800 (representing the initial subscription amount).
  • Total Financing Target: Up to $2,000,000 in aggregate gross proceeds from all investors.
  • Ownership Impact: Subscription maintains Crescat’s current 11.64% equity ownership in Orestone Mining Corp.
  • Use of Proceeds (implied): To advance exploration projects, notably drilling on the Francisca property (Salta, Argentina) and other ongoing development activities.
  • Pricing Details: Implied unit price ≈ $0.08 per Unit (derived from $232,800 ÷ 2,910,000 Units).
  • Quote: Kevin Smith, CFA, Founder & CEO of Crescat, said: “We are happy to see the new ground acquired on the Francisca property and eager to see it drilled in the near future.”

Notable Quotes

“We are happy to see the new ground acquired on the Francisca property and eager to see it drilled in the near future.” – Kevin Smith, CFA, Founder & CEO, Crescat Capital LLC

Read the original news release →

More from Orestone Mining Corp.

Jul 20, 2026 · 08:00

Orestone’s Francisca Trend extends 1.5km with Tom East and Kelly zones showing oxide potential.

Drill Results Jun 26, 2026 · 08:31

Orestone extends its Argentina oxide gold trend by 1.5km and identifies buried porphyry geophysics to de-risk the project.

Drill Results Jun 16, 2026 · 08:31

Orestone completes an AirMT survey at its Captain Project, positioning for upcoming Francisca drilling while holding a $2 million cash reserve.

Drill Results Jun 04, 2026 · 09:01

Orestone expands its Argentine gold-silver footprint to 23 square kilometres, targeting a buried porphyry system following encouraging trench results.

Drill Results May 07, 2026 · 08:01

Surface Assays Validate Oxide Gold Model at Francisca, Drilling Phase Now Critical for Valuation

Drill Results Apr 14, 2026 · 09:01

Orestone Advances Argentina Gold Project with Surface Sampling Completion, Drilling Next Critical Step

Production / Operations