Orestone Mining arranges $2-million private placement

Executive Summary

• Orestone Mining Corp. is conducting a non‑brokered private placement of up to 25 million units at $0.08 per unit, targeting gross proceeds of up to $2 million.
• Each unit consists of one common share and one warrant (exercisable at $0.16 per share for one year).
• Net proceeds are earmarked for development of the Francisca (Argentina) and Captain (British Columbia) properties, plus general working capital.

Key Details

• Units Offered: Up to 25 million units @ $0.08 each → $2 M gross proceeds maximum.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Exercise price $0.16 per share; exercisable for one year from issuance date.
• Closing Date: On or about Oct. 30, 2025, or later at the company’s discretion, subject to TSX‑V conditional approval.
• Finder Fees: Company may pay cash fee equal to 7 % of proceeds to arm’s‑length finders, pending exchange and legal approvals.
• Related Party Participation: Directors, officers, and insiders expected to purchase units; transaction qualifies for exemptions under MI 61‑101 because fair market value does not exceed 25 % of market cap.
• Use of Proceeds:
• Further development of the Francisca property (Salta Province, Argentina).
• Further development of the Captain property (British Columbia, Canada).
• General administrative expenses and working capital.

Notable Quotes

(No direct quotes provided in the release.)