Omai Gold Mines Corp. Announces $30 Million Bought Deal Private Placement of Common Shares

Executive Summary

• Omai Gold Mines Corp. announced a bought‑deal private placement of 26,087,000 common shares at $1.15 per share for gross proceeds of $30,000,050.
• Underwriters received an option to purchase up to 3,913,050 additional shares for up to $4,500,008 in aggregate.
• Net proceeds will be used for exploration and development of the Omai Gold Project and general working capital; closing expected around October 21, 2025 subject to regulatory approvals.

Key Details

• Offering Size: 26,087,000 common shares at $1.15 per share → $30,000,050 gross proceeds.
• Underwriter Option: Up to 3,913,050 additional shares; potential extra gross proceeds of $4,500,008.
• Underwriters’ Fee: 5.5% of gross proceeds on the main placement; reduced fee of 3% on any shares sold to the “President’s List” (up to C$1.5 million).
• President’s List: Company may allocate up to C$1,500,000 of shares at the issue price to a list of subscribers.
• Use of Proceeds: Primarily for exploration and development of the Omai Gold Project; remainder for general working capital.
• Closing Date: Expected on or about October 21, 2025, subject to receipt of all required approvals (TSX‑V conditional listing, securities regulators).
• Securities Law Exemptions: Offering made by private placement in Canada and under U.S. Regulation S exemption; shares not registered under the U.S. Securities Act and subject to a hold period of four months and one day from closing for Canadian investors.
• Lead Underwriter & Bookrunner: Paradigm Capital Inc., acting as lead underwriter and sole bookrunner for the syndicate.

Notable Quotes

(No direct quotes were included in the release.)