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Other

RCF Private Equity Fund I L.P. Sells Shares of Orezone Gold Corporation

By The Northwire Desk — AI Analysis Oct 08, 2025 · 23:07 ORE · 1.66 Orezone Gold Corporation
ORE · Price

Executive Summary

  • RCF Private Equity Fund I L.P. filed an early‑warning report after selling a total of 17,001,400 Orezone Gold Corp. common shares for aggregate net proceeds of C$25.43 million.
  • The transactions reduced RCF’s direct ownership from ~5.42% to ~2.58% of Orezone’s outstanding common shares and, assuming conversion of its US$25 million convertible debenture, lowered its potential ultimate stake from ~10.75% to ~8.07%.
  • No change to the terms of the existing convertible debenture; RCF may still convert at US$0.70 per share.

Key Details

  • Sale Dates & Prices – October 7, 2025: 1,001,400 shares @ C$1.61 each (net proceeds C$1,605,804.98).
    October 8, 2025: 16,000,000 shares @ C$1.50 each (net proceeds C$23,820,000).
  • Total Net Proceeds: C$25,425,804.98.
  • Pre‑sale Direct Ownership: 32,415,660 shares (~5.42% of issued & outstanding common shares).
  • Post‑sale Direct Ownership: 15,414,260 shares (~2.58%).
  • Convertible Debenture: US$25 million debenture (issued Oct 15, 2021; amended Dec 20, 2024) convertible at US$0.70 per Orezone share.
  • Potential Ownership Including Conversion – Pre‑sale: 68,129,946 shares (~10.75%).
  • Potential Ownership Including Conversion – Post‑sale: 51,128,546 shares (~8.07%).
  • Rationale Stated: Disposal aligns with RCF’s investment policy to generate cash from its Orezone position; future acquisitions or disposals remain possible.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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