Orestone Mining increases private placement to $2.2M

Executive Summary

• Orestone Mining Corp. has increased the size of its non-brokered private placement by $200,000 due to investor demand, bringing the total aggregate proceeds to $2.2 million.
• The offering consists of up to 27.5 million units priced at $0.08 per unit, with each unit comprising one common share and one common share purchase warrant.
• The closing is scheduled for on or about November 7, 2025, subject to conditional approval by the TSX Venture Exchange.

Key Details

• Total Aggregate Proceeds: $2.2 million (increased by $200,000 from the initial announcement).
• Unit Price: $0.08 per unit.
• Total Units: Up to 27.5 million units.
• Warrant Terms: Each unit includes one common share purchase warrant exercisable for one common share at an exercise price of $0.16.
• Warrant Expiry: One year from the date of issuance.
• Closing Date: On or about November 7, 2025, or such later date as determined by the company.
• Regulatory Condition: Closing is subject to receipt of conditional approval by the TSX Venture Exchange.
• Hold Period: All securities issued will have a hold period of four months and one day from the date of closing.
• Previous Announcement: The initial private placement was announced on October 10, 2025.
• Other Terms: Terms regarding the offering, units, use of proceeds, finders' fees, and insider placements remain as previously disclosed.

Notable Quotes

• None provided in the text.