11:03 AM EDT, 03/19/2025 (MT Newswires) -- Orezone Gold ( ORZCF ) on Wednesday said the over-allotment option for its $35 million bought-deal financing of shares has been fully-exercised.

A total of 6.4-million shares at $0.82 were issued, for $5.3 million.

Proceeds from the over-allotment option will be used to accelerate both stage 2 of the hard rock expansion and additional exploration at its Bombore Gold Mine in Burkina Faso.

Orezone was last seen unchanged at $0.98 on the Toronto Stock Exchange.

Price: 0.99, Change: +0.01, Percent Change: +1.02