Opus One closes $2.22-million private placement

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.