On March 27, 2025, Orosur Mining Inc. (“Orosur”), a TSXV and AIM-listed mineral exploration company with operations in Colombia, announced the closing of a “best efforts” brokered private placement for gross proceeds of approximately C$6 million including the full exercise of the agent’s option for additional proceeds of C$1,000,000.
Under the offering, Orosur issued 35,294,117 units at a price of C$0.17 per unit, each consisting of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at C$0.25 until March 27, 2027.
Proceeds will be used primarily to advance Orosur’s Anzá exploration project in Colombia, and for general corporate and working capital purposes.
The offering was led by Red Cloud Securities Inc. as sole agent and bookrunner.
Fasken advised Orosur with a team led by Nancy Eastman that included Victoria Zed and Barbara Clark.
Jurisdiction
- Ontario
