Business
Omai Gold Mines Corp. Announces $30 Million Bought Deal Private Placement of Common Shares
Toronto, Ontario--(Newsfile Corp. - September 30, 2025) - Omai Gold Mines Corp. (TSXV: OMG) (" ...
About this update from Omai Gold Mines Corp.
[{"type":"text","content":"Omai Gold Mines Corp. Announces $30 Million Bought Deal Private Placement of Common SharesToronto, Ontario--(Newsfile Corp. - September 30, 2025) - Omai Gold Mines Corp. (TSXV: OMG) (\"Omai\" or the \"Company\") has entered into an agreement with Paradigm Capital Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters to be formed (the \"Underwriters\"), in connection with a \"bought deal\" private placement offering (the \"Offering\") of 26,087,000 common shares (each, a \"Share\") of the Company to be issued at $1.15 per Share (the \"Issue Price\") for gross proceeds of $30,000,050.In addition, the Underwriters have been granted an option to purchase up to 3,913,050 additional Shares for additional gross proceeds of up to $4,500,008.The net proceeds from the Offering will be used for exploration and development, and general working capital purposes.In connection with the Offering, the Company has agreed to pay the Underwriters a fee of 5.5% of the gross proceeds from the sale of the Shares (the \"Underwriters' Fee\"). The Company will have the right to include a list of subscribers to purchase up to C$1,500,000 of the Shares at the Issue Price under the Offering (the \"President's List\"). The Underwriters will receive a reduced Underwriters' Fee of 3% of the gross proceeds from the sale of the Shares to the President's List. The Offering is expected to close on or about October 21, 2025, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The Offering is being made by way of private placement in Canada, in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and in such other jurisdictions as may be mutually agreed upon by the Underwriters and the Company. The securities issued under the Offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering.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. Th...