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Orezone raises C$26.5M via equity financing

Orezone GoldCorp. said July 19 that it raised C$26.5 million via equityfinancing to continue the exploration and development of its Burkina Fasoproperties and for general working capital purposes.

Originally aiming to raise C$20 million, the companyraised its offeringto 23 million common shares at C$1.00 each for gross proceeds of about C$23million due to strong demand in the market.

The company issued 26,450,000 common shares at C$1.00 pershare to a syndicate of underwriters co-led by Raymond James Ltd. and NationalBank Financial Inc.