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Orezone Announces Combined US$182 Million Financing to Fully Fund Bomboré into Production
Orezone Announces Combined US$182 Million Financing to Fully Fund Bomboré into Produ...
About this update from Orezone Gold Corporation
[{"type":"text","content":"\n \n \n \n Orezone Announces Combined US$182 Million Financing to Fully Fund Bomboré into Production\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n US$96 Million\n \n in Senior Secured Debt, a\n \n US$35 Million\n \n Convertible Note Facility, and\n \n US$51 Million\n \n in Equity\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 21, 2021\n \n /CNW/ -\n \n Orezone Gold Corporation (TSX.V: ORE) (OTCQX: ORZCF)\n \n (the \"Company\" or \"Orezone\") is pleased to announce that the Company has secured binding commitments totalling in excess of\n \n US$182 million\n \n to fully finance the construction of its shovel-ready Bomboré Gold Project (\"Bomboré\" or the \"Project\") located in\n \n Burkina Faso\n \n ,\n \n West Africa\n \n (\"Project Financing Package\").  The Project remains on track for first gold pour by Q3-2022.\n \n \n The Project Financing Package is comprised of the following key terms:\n \n \n \n \n \n US$96 million\n \n senior secured debt facility with Coris Bank International (\"Coris Bank\") with interest rates of 8.0% and 9.0% (\"Senior Debt Facility\").\n \n \n \n \n \n \n Coris Bank\n \n is one of the largest and fastest growing banks in\n \n West Africa\n \n .\n \n \n \n \n \n \n \n \n US$35 million\n \n 8.5% convertible note with Resource Capital Fund VII L.P. (\"RCF\") and Beedie Investments Ltd. (\"Beedie Capital\") (\"Convertible Note Facility\").\n \n \n \n \n \n RCF VII is part of Resource Capital Funds, a global mining private equity firm.\n \n \n \n \n Beedie Capital is the private investment arm of Beedie, the largest private industrial owner, developer, and property manager in\n \n Western Canada\n \n .\n \n \n \n \n \n \n \n \n US$51 million\n \n bought-deal equity offering of 61,950,000 common shares of the Company (the \"Common Shares\") at a price of\n \n C$1.05\n \n per Common Share (the \"Equity Offering Price\") for gross proceeds ...