On August 12, 2021, Orford Mining Corp. (Orford Mining) (TSX VENTURE: ORM) announced that it closed a non-brokered private placement raising gross proceeds of $1,920,000 from the sale of “flow-through” units and “hard dollar units. Each flow-through unit consisted of one common share and one-half of a common share purchase warrant.
Orford Mining is a gold explorer focused on highly prospective and underexplored areas of northern Quebec. Orford intends to use the proceeds of the Offering to explore its exploration properties, including Qiqavik, McClure East and Joutel Omega properties and for general corporate purposes.
WeirFoulds is pleased to have assisted Orford Mining in the closing of this financing.
To learn more about our Securities Practice Group or to contact one of our securities lawyers, visit our securities practice group overview page.