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Financings

Opus One closes $2.22-million private placement

By The Northwire Desk — AI Analysis Dec 30, 2025 · 19:16 OOR · 0.075 Opus One Gold Corporation
OOR · Price

Executive Summary

  • Opus One Gold Corp. has closed a non-brokered private placement of flow-through shares and units, raising aggregate gross proceeds of $2,228,825.31.
  • The transaction involved the issuance of 21,014,338 flow-through shares at $0.075 per share and 10,042,307 units at $0.065 per unit.
  • The offering includes related-party transactions involving director Patrick Fernet and compensation warrants issued to finders, with proceeds allocated to exploration and working capital.

Key Details

  • Aggregate Gross Proceeds: $2,228,825.31.
  • Flow-Through Shares (FT Shares):
    • Quantity: 21,014,338 shares.
    • Price: $0.075 per share.
    • Gross Proceeds: $1,576,075.35.
    • Use of Proceeds: Exploration on mineral exploration properties.
  • Units:
    • Quantity: 10,042,307 units.
    • Price: $0.065 per unit.
    • Gross Proceeds: $652,749.96.
    • Composition: Each unit consists of one common share and one common share purchase warrant.
    • Use of Proceeds: General working capital and payment of offering fees.
  • Warrant Terms (Units):
    • Exercise Price: $0.10 per share.
    • Term: 24 months following closing.
  • Finder’s Fees and Compensation:
    • Cash Fees Paid: $67,945.
    • Compensation Warrants Issued: 870,363 warrants to arm's-length finders.
    • Compensation Warrant Terms: Exercisable for 24 months at $0.10 per share.
  • Related-Party Transaction:
    • Insider: Patrick Fernet (Director).
    • Acquisition: 300,000 FT shares.
    • Consideration: $22,500.
    • Exemption: Exempt from formal valuation and minority approval under Regulation 61-101 as consideration and fair market value do not exceed 25% of market capitalization.
  • Regulatory and Hold Periods:
    • Offered via accredited investor exemption under National Instrument 45-106.
    • Four-month hold period applies to units, FT shares, shares, warrants, and warrant shares in Canada.
    • Closing is subject to TSX Venture Exchange approval and customary conditions.
  • Clarification:
    • Previous announcement on April 29, 2025, regarding the second tranche incorrectly stated a 36-month warrant term; the correct term is 24 months.
Read the original news release →

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