Omai Gold Mines Corp. Announces Closing of C$40 Million Bought Deal Private Placement of Common Shares

Executive Summary

• Omai Gold Mines Corp. closed a bought‑deal private placement of 34,783,000 common shares at $1.15 per share, generating gross proceeds of $40,000,540.
• Net proceeds are earmarked for exploration and development activities on the Omai Gold Project and for general working capital.
• The offering included a related‑party purchase of 200,000 shares by an officer; the transaction was completed under MI 61‑101 exemptions without a prior material change report.

Key Details

• Offering size: 34,783,000 common shares issued at $1.15 per share.
• Gross proceeds: $40,000,540.
• Underwriters / Bookrunner: Paradigm Capital Inc. (lead), Haywood Securities Inc., Agentis Capital Markets, National Bank Financial Inc., Desjardins Securities Inc., Cormark Securities Inc., Stifel Nicolaus Canada Inc.
• Commission paid to underwriters: $2,194,274.75 (cash).
• Related‑party transaction: Purchase of 200,000 shares by a company officer; deemed exempt from formal valuation and minority shareholder approval because the fair market value did not exceed 25 % of market capitalization. No material change report filed prior to closing.
• Use of proceeds: Primarily for exploration and development of the Omai Gold Project and for general working capital.
• Hold period: Shares subject to a Canadian law hold‑period expiring four months and one day after the closing date.
• Regulatory condition: Offering remains subject to final acceptance by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)