11:46 AM EDT, 03/13/2025 (MT Newswires) -- Orezone Gold ( ORZCF ) on Thursday said it closed a bought-deal financing of 42.7-million shares priced at $0.82, raising $35 million.

The underwriter has been granted an option of an additional 6.4-million shares at the same price for additional proceeds of up to $5.3 million.

Proceeds will be used to accelerate the Stage II hard rock expansion and exploration at the Bombore Mine in Burkina Faso.

Orezone was last seen up $0.02 to $0.85 on the Toronto Stock Exchange.

Price: 0.84, Change: +0.01, Percent Change: +1.20