01:31 PM EDT, 06/20/2024 (MT Newswires) -- Omai Gold Mines ( OMGGF ) on Thursday said it raised $13 million in a private placement of shares.

The company said it placed 108.33-million shares priced at $0.12 in the financing.

The company plans to use the proceeds for exploration and development, and general working capital purposes.

Omai shares were last seen up $0.005 to $0.13 on the TSX Venture Exchange.

Price: 0.13, Change: +0.01, Percent Change: +4.00