Orea Announces Private Placement
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Vancouver, BC, Canada, January 9, 2023, Orea Mining Corp. (“OREA”) (OREA: TSX) (OREAF: OTCQB) (3CG: FSE) announces a non-brokered private placement (the “PP”) for gross proceeds of up to CAD$1 million. Priority to participate in the PP will be given to Orea’s qualified loyal shareholders who contact Orea at the coordinates below. *
Orea has initiated a financing effort targeting long term strategic funding. The current PP aims to satisfy working capital requirements until a strategic investor can be closed.
The PP is for up to 10,000,000 units at a price of CAD$0.10 per unit. Each unit is comprised of one common share of Orea and a warrant. Each warrant entitles the holder, on exercise, to purchase one additional share at a price of CAD$0.15, for a period of 12 months from the closing date of the PP. Orea has the right to accelerate the expiry date of the warrants when its shares listed on the Toronto Stock Exchange (“TSX”) trade at a price of $0.15 or more for a period of 10 consecutive trading days.
Finders’ fees of 8% payable in cash and warrants may be paid in connection with the PP in accordance with the policies of the TSX. The PP is subject to approval by the TSX.
* The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.
FOR INFORMATION ON THE PRIVATE PLACEMENT CONTACT
JORGE MARTINEZ
+1 604 634-0972
ir@oreamining.com
About Orea Mining
Orea is a leading gold exploration and development company operating in a prospective and underexplored segment of the Guiana Shield, South America. Its mission is to develop gold deposits with a reduced environmental footprint, upholding the highest international standards for responsible mining. In French Guiana, France, Orea controls the world-class Montagne d’Or mine development project.
For more about Orea visit the company’s website at www.oreamining.com
Robert F. Giustra
Interim CEO
For more information contact:
Investor Relations
(604) 634-0970 or
1 888-818-1364
ir@oreamining.com
