Responding to continuing exceptional drilling results from its Pepas prospect (‘the Prospect’) and the wider opportunity presented through its Colombian Anzá gold exploration project (the ‘Project’), Orosur has announced its second-best efforts private placement (the ‘Marketed Offering’) of 2025. Following March’s CAD$6m* brokered raise, the Group is now seeking gross proceeds of up to CAD$15.0m (c.£8.0m*) through an issue of new common shares priced at CAD$0.34 (or c.18.1p*) (the ‘Offering Price’) each, which is more than twice the level previously achieved. The sole Agent (‘the Agent’) appointed in connection with this best efforts private placement also has an option, exercisable in full or in part up to 48 hours prior to the Closing Date, to sell additional Common shares at the Offering Price for up to an additional CND$2.0m (c.£1.1m*) gross proceeds along with the Marketed Offering. Having already invested roughly half of the funds raised in March, Orosur’s held a net cash position of c.US$3.5m (c.£2.6m) immediately prior to today’s Marketed Offering announcement. The Group’s Canadian TSX-V listing is being utilised once again with a view to broadening its shareholder base (including institutional investors) and is expected to improve liquidity of its common shares in the territory. The Closing Date for the Marketed Offering is scheduled to be on or around 30 September 2025. Assuming everything proceeds as expected, the net proceeds of the total Offering will be used principally to further advance exploration & development of the Project (possibly including delivery of a second drill rig), as well as for general working capital and corporate purposes. This could see the Pepas prospect (‘the Prospect’) being moved closer to the point of gold production following publication of its maiden Mineral Resource Estimate (‘MRE’), evaluation of historic/future drilling on APTA’s hybrid mineral system possibly with a view to also calculating a future maiden MRE, while also planning further work programs on both Pepas North and El Cedro.
Orosur Mining: Turner Pope
Sep 18, 2025Disclaimer & Declaration of Interest
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