Orestone Closes $2.24 Million Non-Brokered Private Placement Including Participation of Crescat Capital LLC

Executive Summary

• Orestone Mining Corp. completed a non‑brokered private placement of 28 million units at $0.08 per unit, raising gross proceeds of $2.24 million.
• Each unit consists of one common share and one warrant exercisable at $0.16 until 16 Dec 2026; the net proceeds will be used to advance development at the Francisca (Argentina) and Captain (British Columbia) properties and for general working capital.
• Strategic shareholder Crescat Capital subscribed for 3,094,461 units ($247,557), and insiders purchased a total of 5,550,000 units, constituting a related‑party transaction disclosed under TSX Venture Exchange policies.

Key Details

• Units Issued: 28,000,000
• Price per Unit: $0.08
• Gross Proceeds: $2,240,000
• Unit Composition: 1 common share + 1 warrant (exercise price $0.16, expiry 16 Dec 2026)
• Hold Period: Shares and warrants subject to lock‑up until 17 Apr 2026
• Finder’s Fees Paid: $14,070
• Strategic Investor Participation: Crescat Capital LLC subscribed for 3,094,461 units ($247,556.88) via Crescat Portfolio Management LLC on behalf of five pooled investment funds.
• Insider Participation: Directors/officers/insiders acquired 5,550,000 units (related‑party transaction); exemption relied upon under MI 61‑101 as the fair market value did not exceed 25 % of market capitalization.
• 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
• Regulatory Conditions: Private placement subject to final approval by the TSX Venture Exchange; material change report to be filed within required timelines.

Notable Quotes

“The successful completion of this financing provides us with the necessary capital to advance our key projects in Argentina and British Columbia, positioning Orestone for continued growth.” – David Hottman, CEO