Northwire Canada EditionTuesday, September 15, 2026
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Financings

Orestone Increases Non-Brokered Private Placement to $2,200,000 Million

ORS · Price

Executive Summary

  • Orestone Mining Corp. increased its previously announced non‑brokered private placement by $200,000, bringing total aggregate proceeds to $2,200,000.
  • The offering consists of up to 27,500,000 units at $0.08 per unit; each unit includes one common share and one warrant exercisable at $0.16 for one year.
  • Closing is expected on or about November 7, 2025, subject to TSX Venture Exchange approval, with a four‑month‑plus‑one‑day hold period on the securities.

Key Details

  • Total proceeds: $2,200,000 (up from the originally announced $2,000,000).
  • Units offered: Up to 27,500,000 units at $0.08 per unit.
  • 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: Expected on or about November 7, 2025 (or later at the Company’s discretion).
  • Exchange condition: Closing subject to conditional approval by the TSX Venture Exchange.
  • Hold period: All securities issued will be subject to a hold period of four months and one day from the closing date.
  • Use of proceeds: As previously disclosed in the October 10, 2025 offering announcement (not restated here).
  • Finders’ fees & insider placements: Terms remain as previously disclosed.
  • Regulatory disclaimer: Securities are not registered under U.S. securities laws and may not be offered or sold to U.S. persons except pursuant to an exemption.

Notable Quotes

  • “We are pleased to increase the size of our private placement in response to strong investor demand, providing additional capital to advance our exploration programs.” – David Hottman, CEO

All boilerplate, forward‑looking statements, and disclaimer text have been omitted for brevity.

Read the original news release →

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