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Omai Gold Mines Corp. Announces Closing of C$40 Million Bought Deal Private Placement of Common Shares
Toronto, Ontario--(Newsfile Corp. - October 21, 2025) - Omai Gold Mines Corp. (TSXV: OMG) (" Om...
About this update from Omai Gold Mines Corp.
[{"type":"text","content":"Omai Gold Mines Corp. Announces Closing of C$40 Million Bought Deal Private Placement of Common SharesToronto, Ontario--(Newsfile Corp. - October 21, 2025) - Omai Gold Mines Corp. (TSXV: OMG) (\"Omai\" or the \"Company\") is pleased to announce that the Company has closed its previously announced \"bought deal\" private placement offering (the \"Offering\") of 34,783,000 common shares of the Company (the \"Shares\"), issued at $1.15 per Share, for gross proceeds of $40,000,540.The Offering was conducted by Paradigm Capital Inc., as lead underwriter and sole bookrunner, Haywood Securities Inc., Agentis Capital Markets (First Nations Financial Markets Limited Partnership), National Bank Financial Inc., Desjardins Securities Inc., Cormark Securities Inc. and Stifel Nicolaus Canada Inc. (collectively, the \"Underwriters\"). In connection with the Offering, the Company paid to the Underwriters a cash commission of $2,194,274.75.The purchase of 200,000 Shares by an officer of the Company constitutes a \"related party transaction\" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, specifically sections 5.5(a) and 5.7(1)(a), as the fair market value of the Shares issued to, and the consideration paid by, insiders does not exceed 25% of the Company's market capitalization. The Company did not file a material change report 21 days prior to closing of the Offering as the insider participation had not been confirmed at that time.The net proceeds from the Offering will be used for exploration and development, and general working capital purposes.The securities issued under the Offering are subject to a hold period under Canadian law expiring four months and one day from the closing date of the Offering. The Offering remains subject to final acceptance of the TSX Venture Exchange.This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, (the \"1933 Act\") an...