Omai Gold Mines arranges $30-million private placement

Executive Summary

• Omai Gold Mines Corp. announced a bought‑deal private placement of 26,087,000 common shares at $1.15 per share, targeting 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 gross proceeds.
• Net proceeds are earmarked for exploration and development activities on the Omai gold project and for general working capital.

Key Details

• Placement Size: 26,087,000 common shares.
• Price per Share: $1.15.
• Gross Proceeds: $30,000,050.
• Underwriter Option: Up to 3,913,050 additional shares; potential extra gross proceeds of $4,500,008.
• Lead Underwriter/Bookrunner: Paradigm Capital Inc., forming a syndicate of underwriters.
• Underwriting Fees:
• Standard fee – 5.5 % of gross proceeds.
• Reduced fee for “president’s list” purchases (up to $1.5 M) – 3 % of gross proceeds.
• Use of Proceeds: Exploration and development of the Omai gold project; general working capital.
• Closing Date: Expected on or about October 21, 2025, subject to customary closing conditions (regulatory approvals, TSX‑V listing approval, etc.).
• Regulatory Exemptions: Private placement in Canada; U.S. exemption under the Securities Act of 1933; other jurisdictions as agreed.
• Holding Period: Shares issued will be subject to a hold period in Canada expiring four months and one day after closing.

Notable Quotes

(No direct quotes were provided in the release.)