Opus One Gold Corporation Announces Closing of a Private Placement of Flow-Through Shares and Units

Executive Summary

• Opus One Gold closed a non‑brokered private placement raising $2,228,825.31 in gross proceeds.
• Issued 21,014,338 FT Shares at $0.075 each and 10,042,307 Units at $0.065 each (each Unit includes one common share and one warrant).
• Proceeds will fund exploration activities and general working capital; related party transaction disclosed for director Patrick Fernet.

Key Details

• FT Shares: 21,014,338 issued → gross proceeds $1,576,075.35 @ $0.075 per share.
• Units: 10,042,307 issued → gross proceeds $652,749.96 @ $0.065 per unit.
• Unit composition: 1 common share + 1 common‑share purchase warrant; warrants exercisable at $0.10 per share for 24 months post‑closing.
• Use of Proceeds:
• FT Share proceeds → exploration on mineral properties.
• Unit proceeds → general working capital and payment of offering fees.
• Finder Compensation: $67,945 cash paid; 870,363 compensation warrants issued to finders (exercisable at $0.10 per share for 24 months).
• Holding Period: FT Shares, Units, underlying shares and warrants subject to a four‑month hold period in Canada.
• Closing Conditions: Subject to TSX Venture Exchange approval and customary closing conditions.
• Related Party Transaction: Director Patrick Fernet purchased 300,000 FT Shares for $22,500; transaction exempt from valuation/minority‑approval thresholds; Insider abstained from related votes.
• Clarification of Prior Placement (April 29 2025): Warrants issued in the second tranche have a 24‑month term, not 36 months as previously stated.

Notable Quotes

(No direct quotes were provided in the release.)