On October 2, 2025, Orosur Mining Inc. (“Orosur”), a TSXV and AIM-listed mineral exploration company with operations in Colombia, announced the successful closing of its oversubscribed “best efforts” private placement offering of common shares (the “Offering”) for aggregate gross proceeds of approximately C$20 million, which includes the full exercise of the agents’ option for additional gross proceeds of C$2 million.
The Offering consisted of an aggregate of 58,823,530 common shares of Orosur at a price of C$0.34 per share (approximately GBP £0.1809 at an exchange rate of GBP £1.88 to CAD). The Company intends to use the net proceeds of the Offering to advance its Anz exploration project in Colombia and for general corporate and working capital purposes.
Red Cloud Securities Inc., Paradigm Capital Inc., Turner Pope Investments (TPI) Ltd., Greenwood Capital Partners Limited, and SP Angel Corporate Finance LLP acted as agents in connection with the Offering.
Fasken advised Orosur with a team led by Nancy Eastman that included Victoria Zed and Barbara Clark with support from Victoria Mirabelli (Articling Student).
Jurisdiction
- Canada
