Construction of the Bomboré gold mine as of July 2022. Credit: Orezone Gold
Orezone Gold (TSX: ORE) said on Friday it has filed a prospectus with the Australian Securities and Investments Commission (ASIC) for an initial public offering to raise A$75 million ($50 million).
Under the prospectus, the Canadian miner, which operates the Bomboré gold mine in Burkina Faso, is offering approximately 65.8 million CHESS depository interests (CDIs) at a price of A$1.14 per CDI.
CDIs are used by foreign entities wishing to list on the Australian Securities Exchange with the advantage of participating in the CHESS system for clearing and settling trades. Each CDI represents a beneficial interest in one common share of a company.
For Orezone, Canaccord Genuity will act as its lead manager, bookrunner and underwriter to the offering, while Euroz Hartleys, Argonaut Securities, SCP Resource Finance and BMO Capital…
