Opus One Gold Corporation Announces Closing of a Second Tranche of Its Private Placement of Units

Executive Summary

• Opus One Gold completed the second and final closing of a non‑brokered private placement of 5,235,000 units at $0.065 per unit, generating gross proceeds of $340,275.
• Including prior flow‑through share/unit closings, total aggregate gross proceeds now approximate $2,569,100, which will be allocated to mineral exploration projects and general working capital.
• Related‑party insiders (directors Louis Morin and Charles Chevrette) purchased 900,000 units for $58,500; the transactions are exempt from minority‑approval requirements and were conducted on an arm’s‑length basis.

Key Details

• Units offered: 5,235,000
• Unit composition: 1 common share + 1 common share purchase warrant (exercise price $0.10, 24‑month term)
• Offering price: $0.065 per unit
• Gross proceeds from this tranche: $340,275
• Total gross proceeds to date (including Dec 30 2025 flow‑through): ≈ $2,569,100
• Use of proceeds: Exploration on mineral properties and general working capital.
• Hold period: 4 months in Canada for shares, units, warrants, and warrant shares.
• Finder’s fees: $1,067.50 cash paid; 43,200 compensation warrants issued (exercise price $0.10, 24‑month term).
• Related‑party transaction:
• Louis Morin – Director & Officer – purchased 500,000 units for $32,500.
• Charles Chevrette – Director – purchased 400,000 units for $26,000.
• Total insider consideration: $58,500 (≈ 2.3% of total proceeds).
• Regulatory compliance: Offering relied on accredited‑investor exemption under NI 45‑106; closing subject to TSX Venture Exchange approval and customary conditions.

Notable Quotes

(No direct quotes were provided in the release.)