06:24 AM EDT, 10/09/2025 (MT Newswires) -- RCF Private Equity Fund I overnight Wednesday reported that it reduced its shareholdings in Orezone Gold Corporation ( ORZCF ) , which is trading at 52 week highs in Canada.

According to a statement on October 7, 2025, and October 8, 2025, RCF sold 1,001,400 common shares in the capital of Orezone at a price of C$1.61 and 16 million Orezone Shares, respectively, at a price of C$1.50 per Orezone share. It noted the trades were executed through the facilities of the Toronto Stock Exchange.

Immediately prior to the sales, RCF owned and controlled a total of 32,415,660 Orezone shares, representing approximately 5.42% of the issued and outstanding common shares. As a result of and immediately following the sales, RCF owned and controlled a total of 15,414,260 common shares, representing approximately 2.58% of the issued and outstanding Orezone shares.

RCF also holds a US$25 million convertible debenture, previously issued by the company on October 15, 2021 and amended on December 20, 2024. Pursuant to the terms of the amended debenture, RCF may elect to convert the outstanding principal amount into Orezone shares at a conversion price of US$0.70 each.

As a result of and immediately following the sales, assuming the conversion in whole of the principal amount of the Amended Debenture at the Conversion Price, RCF would own an aggregate of 51,128,546 Orezone shares, representing approximately 8.07% of the issued and outstanding Orezone shares.

ORE jumped 5% or $0.08 to $1.66 in Canada yesterday.