Business
OREZONE ANNOUNCES C$46,875,000 EQUITY FINANCING
OREZONE ANNOUNCES C$46,875,000 EQUITY FINANCING
About this update from Orezone Gold Corporation
[{"type":"text","content":"\n\n\n\n Dec. 3, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\nTORONTO, Dec. 3 /CNW/ - OREZONE GOLD CORPORATION (ORE:TSX) (the "Company" or "Orezone") is pleased to announce that in connection\n with its previously announced overnight marketed public offering on\n December 2, 2010 (the "Offering"), it has entered into an underwriting\n agreement with a syndicate of underwriters led by Canaccord Genuity\n Corp. and Desjardins Securities Inc. and including CIBC World Markets\n Inc., BMO Capital Markets Corp. and Raymond James Ltd. (the\n "Underwriters") to sell 12,500,000 common shares of the Company at a\n price of C$3.75 per share ("Common Shares") for gross proceeds of\n C$46,875,000. In addition, the Company has granted the Underwriters an\n over-allotment option to purchase up to that number of additional\n Common Shares equal to 15% of the Common Shares sold pursuant to the\n Offering, exercisable at any time up to 30 days after the closing of\n the Offering.\n\n\nIn connection with the Offering, a preliminary short form prospectus has\n been filed in each of the provinces and territories of Canada other\n than Quebec. \n\n\nThe Company intends to use the net proceeds from the Offering to fund\n exploration and development of the Bomboré, Sega and Bondi projects as\n well as other regional projects and for general corp...