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RCF Private Equity Fund I L.P. Sells Shares of Orezone Gold Corporation
DENVER, Oct. 08, 2025 (GLOBE NEWSWIRE) -- RCF Private Equity Fund I L.P. (formerly, Resource Capi...
About this update from Orezone Gold Corporation
[{"type":"text","content":"RCF Private Equity Fund I L.P. Sells Shares of Orezone Gold Corporation\n\n\n\n DENVER, Oct. 08, 2025 (GLOBE NEWSWIRE) -- RCF Private Equity Fund I L.P. (formerly, Resource Capital Fund VII L.P.) (“\n \n RCF\n \n ”) reports that it has filed an early warning report under National Instrument 62-103 –\n \n The Early Warning System and Related Take-Over Bid and Insider Reporting Issues\n \n in connection to its shareholdings in Orezone Gold Corporation (\n \n TSX: ORE\n \n ) (the “\n \n Company\n \n ” or “\n \n Orezone\n \n ”).\n \n\n On October 7, 2025, and October 8, 2025 RCF sold 1,001,400 common shares in the capital of Orezone (the “\n \n Orezone Shares\n \n ”) at a price of C$1.61 and 16,000,000 Orezone Shares, respectively, at a price of C$1.50 per Orezone Share (collectivly the “\n \n Sales\n \n ”). The trades were executed through the facilities of the Toronto Stock Exchange. The net proceeds received by RCF in respect of the sale on October 7, 2025 was C$1,605,804.98, and the net proceeds received by RCF in respect of the sale on October 8, 2025 was C$23,820,000, for aggregate net proceeds of C$25,425,804.98.\n \n\n Immediately prior to the Sales, RCF owned and controlled a total of 32,415,660 Orezone Shares, representing approximately 5.42% of the issued and outstanding Common Shares. As a result of and immediately following the Sales, RCF owned and controlled a total of 15,414,260 Common Shares, representing approximately 2.58% of the issued and outstanding Orezone Shares.\n \n\n RCF also holds a US$25 million convertible debenture, previously issued by the Company on October 15, 2021 and amended on December 20, 2024 (the “\n \n Amended Debenture\n \n ”). Pursuant to the terms of the Amended Debenture, RCF may elect to convert the outstanding principal amount of the Amended Debenture into Orezone Shares at a conversion price of US$0.70 per Orezone Share (the “\n \n Conversion Price\n \n ”), in accordance with the terms set out in the Amended Debenture.\n \n\n Immediately prior to the Sales, assuming the conversion in whole of the principal amount of the Amended Debenture at the Conversion Price, RCF would have come to own an aggregate of 68,129,946 Orezone Shares, representing approximately 10.75% of the issued and o...