On October 19, 2020, Orford Mining Corp. (“Orford”, or the “Company”) (TSX: VENTURE ORM) announced the closing of its non-brokered private placement of: (i) flow-through units at an issue price of C$0.315 per unit, and (ii) hard dollar units at an issue price of C$0.18 per unit. Orford raised the combined gross proceeds of $5,245,999.
Each flow-through unit consisted of one common share and one-half of a common share purchase warrant, each issued on a “flow-through” basis. Each hard dollar unit consisted of one common share and one-half of a common share purchase warrant. Each whole common share purchase warrant entitles the holder to purchase the common share of the Company for a period of three years at an exercise price of $0.26.
Orford was represented by WeirFoulds LLP, with a team consisting of Rob Eberschlag (securities/mining), Claire Davis (securities), Ryan Morris (tax) and Dana Kriszenfeld (articling student).
Orford Mining is a gold explorer focused on highly prospective and underexplored areas of Northern Quebec.
WeirFoulds is pleased to have assisted Orford in the transactions.
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