Northwire Canada EditionWednesday, July 29, 2026
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Financings

Orosur Mining increases financing to $18-million

By The Northwire Desk — AI Analysis Sep 18, 2025 · 19:46 OMI · 0.363 Orosur Mining Inc.
OMI · Price

Executive Summary

  • Orosur Mining Inc. upsized its brokered private placement from C$15 M to up to C$18 M, with an additional agents’ option for up to C$2 M, potentially raising a total of C$20 M.
  • The offering will sell up to 52,941,177 common shares at C$0.34 per share, plus a possible extra 5,882,353 shares under the agents’ option.
  • Net proceeds are earmarked primarily for advancing the Anza gold exploration project in Colombia and for general working capital.

Key Details

  • Base Offering: Up to 52,941,177 common shares at C$0.34 per share (≈ £0.1809).
  • Agents’ Option: Up to an additional 5,882,353 shares at the same price, exercisable up to 48 hours before closing, for up to C$2 M extra gross proceeds.
  • Total Potential Gross Proceeds: C$20 million (C$18 M base + C$2 M agents’ option).
  • Lead Agent & Bookrunner: Red Cloud Securities Inc., with Turner Pope Investments Ltd. and Greenwood Capital Partners Ltd. as co‑brokers.
  • Regulatory Exemptions: Offered under NI 45‑106 listed issuer financing exemption in Canada (excluding Quebec) and U.S. securities law exemptions for non‑U.S. investors. No hold period in Canada.
  • Use of Proceeds: Primarily to fund the Anza exploration project in Colombia; remainder for general working capital and corporate purposes.
  • Closing Timeline: Expected on or around 30 Sept 2025, no later than 17 Oct 2025, subject to customary conditions (TSX‑V and AIM approvals).
  • Liquidity & Shareholder Base: Aims to broaden investor base across Canada, the U.K., and other jurisdictions and improve share liquidity via joint TSX‑V/AIM listing.
  • U.K. Placing: Conducted by Turner Pope Investments Ltd. and Greenwood Capital Partners Ltd.; not underwritten; placement to institutional/eligible investors; allocation timing at brokers’ discretion.
  • Admission to AIM: Application for admission of the offer shares expected to be effective around 1 Oct 2025.
  • Post‑Offering Share Count: Assuming full issuance (58,823,530 offer shares), total voting common shares will be 384,122,424; no treasury shares.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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Earnings