Orezone Gold Corporation has provided an update on a recent block trade involving 40 million common shares at C$1.15 per share by Resource Capital Fund VII L.P. The shares were placed into institutional funds based in Australia, aligning with Orezone’s plan to complete a secondary listing on the Australian Securities Exchange (ASX). This move aims to enhance the company’s market presence and trading liquidity, providing access to a broader investor base.
Currently, Australian institutional funds hold 14% of Orezone’s share registry, a figure expected to rise post the ASX listing by the end of June 2025. Resource Capital Fund became a strategic shareholder in Orezone back in April 2018 during the initial stages of the Bomboré Gold Mine development. They have continued to support Orezone, holding 32.4 million common shares post the recent sale.
Orezone Gold Corporation, a West African gold producer, is actively involved in mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The mine transitioned to commercial production in December 2022 and is now focused on expanding its hard rock operations to boost gold production significantly. The company’s emphasis on social responsibility and sustainability, coupled with its experienced team, positions it well for growth and success.
The technical report titled “Bomboré Phase II Expansion, Definitive Feasibility Study” is accessible on SEDAR+ and the company’s website. Orezone’s leadership, including Patrick Downey as President and CEO, and Kevin MacKenzie as VP of Corporate Development and Investor Relations, plays a crucial role in driving the company’s operations and growth strategies.
The recent announcement by Orezone underscores its commitment to expanding its investor base and market reach through the ASX listing. The move not only enhances trading liquidity but also opens up opportunities for retail and institutional investors, including specialized mining funds, to participate in Orezone’s growth story.
As Orezone progresses with its Phase II hard rock expansion at the Bomboré Gold Mine, the company’s partnership with Resource Capital Fund underscores strong support and confidence in Orezone’s growth trajectory. The strategic decisions made by Orezone and its partners reflect a forward-looking approach aimed at maximizing shareholder value and driving sustainable growth in the gold mining sector.
With a focus on operational excellence, sustainable practices, and community engagement, Orezone Gold Corporation stands poised for continued success in the dynamic gold mining industry. The company’s commitment to responsible mining practices and transparent communication with stakeholders further solidifies its position as a key player in the West African gold mining landscape.