Omai Gold Mines Corp - President and CEO, Elaine Ellingham.
President and CEO, Elaine Ellingham.
Source: Alamos Gold.
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  • Omai Gold Mines (OMG) has upsized its non-brokered private placement to $4,300,000
  • The company will now offer up to 86,000,000 common shares at a price of $0.05 per share
  • Omai Gold intends to use the net proceeds to advance exploration on nearby targets and expand known mineral resources at the company’s Omai Project in Guyana
  • Omai Gold Mines Corp. is a mineral exploration company operating in Guyana
  • Omai Gold Mines Corp. was unchanged at C$0.055 at 2:06 PM ET

Omai Gold Mines (OMG) has upsized its previously-announced non-brokered private placement to $4,300,000.

The company will now offer up to 86,000,000 common shares at a price of $0.05 per share.

Omai Gold intends to use the net proceeds to advance exploration on nearby targets and expand known mineral resources at the company’s Omai Project in Guyana and for general working capital purposes.

All securities issued will be subject to a statutory four-month hold period.

The private placement is expected to close on or around December 16, 2022, subject to the receipt of all necessary regulatory approvals.

Omai Gold Mines Corp. holds a 100-per-cent interest in the Omai Prospecting Licence that includes the past producing Omai gold mine in Guyana, and a 100-per-cent interest in the adjoining Eastern Flats Mining Permits, together covering 6,109 acres (24.69 km2).

Omai Gold Mines Corp. was unchanged at C$0.055 at 2:06 PM ET.


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