Omai Gold Mines Corp. Announces Upsize of Previously Announced Bought Deal Private Placement to $40 Million

Executive Summary

• Omai Gold Mines Corp. announced an upsized bought‑deal private placement of 34,783,000 common shares at $1.15 per share, targeting gross proceeds of $40,000,450.
• Net proceeds will be allocated to exploration and development, as well as general working capital.
• The offering is expected to close around October 21, 2025, subject to customary closing conditions and regulatory approvals.

Key Details

• Shares Offered: 34,783,000 common shares
• Issue Price: $1.15 per share (C$ equivalent)
• Gross Proceeds: $40,000,450
• Underwriters: Paradigm Capital Inc. (lead underwriter and sole bookrunner) with a syndicate of underwriters
• Underwriters’ Fee: 5.5% of gross proceeds; reduced to 3% for the “President’s List” portion (up to C$1,500,000 of shares)
• Closing Date: Expected on or about October 21, 2025
• Use of Proceeds: Exploration and development activities at the Omai Gold Project; general working capital
• Hold Period: Shares subject to a hold period in Canada expiring four months and one day after closing
• Regulatory Conditions: Conditional listing approval from TSX‑V and approvals from applicable securities regulators required
• Offering Structure: Private placement in Canada; U.S. offering under exemption from registration (U.S. Securities Act of 1933)

Notable Quotes

(No direct quotes were included in the release.)