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LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0% LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0%
Financings

Orestone holder Crescat to subscribe for 2.91M units

By The Northwire Desk — AI Analysis Oct 14, 2025 · 20:51 ORS · 0.08 Orestone Mining Corp.
ORS · Price

Executive Summary

  • Crescat Capital LLC will subscribe for 2.91 million private placement units, providing gross proceeds of $232,800 to Orestone Mining Corp.
  • The investment maintains Crescat’s ownership at approximately 11.64 % of Orestone’s outstanding shares.
  • Proceeds are intended to support advancement of Orestone’s exploration projects, notably the newly acquired Francisca property in Argentina.

Key Details

  • Financing Structure: Non‑brokered private placement unit financing up to $2 million; Crescat’s commitment is for $232,800.
  • Units Subscribed: 2.91 million units at a price of $0.08 per unit (implied from gross proceeds).
  • Ownership Impact: Subscription maintains Crescat’s stake at ~11.64 % of Orestone’s share capital.
  • Subscription Vehicle: Crescat will subscribe through Crescat Portfolio Management LLC on behalf of its five pooled investment funds.
  • Use of Proceeds: To fund exploration activities, including drilling on the Francisca property (Salta, Argentina) and other corporate initiatives.
  • Strategic Rationale: Crescat reviewed Orestone’s exploration prospects and concluded additional support aligns with its corporate investment mandate.

Notable Quotes

“We are happy to see the new ground acquired on the Francisca property and eager to see it drilled in the near future.” – Kevin Smith, CFA, Founder & CEO, Crescat Capital LLC

Read the original news release →

More from Orestone Mining Corp.

Jul 20, 2026 · 08:00

Orestone’s Francisca Trend extends 1.5km with Tom East and Kelly zones showing oxide potential.

Drill Results Jun 26, 2026 · 08:31

Orestone extends its Argentina oxide gold trend by 1.5km and identifies buried porphyry geophysics to de-risk the project.

Drill Results Jun 16, 2026 · 08:31

Orestone completes an AirMT survey at its Captain Project, positioning for upcoming Francisca drilling while holding a $2 million cash reserve.

Drill Results Jun 04, 2026 · 09:01

Orestone expands its Argentine gold-silver footprint to 23 square kilometres, targeting a buried porphyry system following encouraging trench results.

Drill Results May 07, 2026 · 08:01

Surface Assays Validate Oxide Gold Model at Francisca, Drilling Phase Now Critical for Valuation

Drill Results Apr 14, 2026 · 09:01

Orestone Advances Argentina Gold Project with Surface Sampling Completion, Drilling Next Critical Step

Production / Operations