Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on its 100%-owned Omai Gold Project in Guyana, South America. The project hosts two adjacent orogenic gold deposits. An updated NI43-101 Mineral Resource Estimate of 4.4 million oz (Inferred) at 1.95 g/t Au (in 69.6Mt) plus 2.1 million oz (Indicated) at 2.07 g/t Au (in 31.9Mt) was announced August 25, 2025.
https://www.stockwatch.com/Quote/Detail?C:OMG
October 3, 2025 – OMAI GOLD MINES CORP. ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED BOUGHT DEAL PRIVATE PLACEMENT TO $40 MILLION
Omai Gold Mines Corp., due to investor demand, and Paradigm Capital Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, have agreed to increase the size of the company’s previously announced bought deal private placement offering. Under the amended offering, 34,783,000 common shares of the company are to be issued at $1.15 per share for gross proceeds of $40,000,450. In connection with the upsize of the offering, the company and Paradigm have also agreed that the previously announced underwriters’ option (as such term is defined in the news release of the company dated Sept. 30, 2025) shall no longer apply to the offering.
Ms. Elaine Ellingham reports
OMAI GOLD MINES CORP. ANNOUNCES $30 MILLION BOUGHT DEAL PRIVATE PLACEMENT OF COMMON SHARES
Omai Gold Mines Corp. has entered into an agreement with Paradigm Capital Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters to be formed, in connection with a bought deal private placement offering of 26,087,000 common shares of the company to be issued at $1.15 per share for gross proceeds of $30,000,050.
In addition, the underwriters have been granted an option to purchase up to 3,913,050 additional shares for additional gross proceeds of up to $4,500,008.
The net proceeds from the offering will be used for exploration and development, and general working capital purposes.
In connection with the offering, the company has agreed to pay the underwriters a fee of 5.5 per cent of the gross proceeds from the sale of the shares. The company will have the right to include a list of subscribers to purchase up to $1.5-million of the shares at the issue price under the offering. The underwriters will receive a reduced underwriters’ fee of 3 per cent of the gross proceeds from the sale of the shares to the president’s list.
The offering is expected to close on or about Oct. 21, 2025, and is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The offering is being made by way of private placement in Canada, in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and in such other jurisdictions as may be mutually agreed upon by the underwriters and the company. The securities issued under the offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the offering.
Leave a Reply