Mines D'Or Orbec Applies for Extension of Price Protection for Private Placement
Mines D'Or Orbec (TSXV: BLUE) has requested a 30-day extension from the TSX Venture Exchange for price protection related to its private placement offering. The offering, initially announced on April 2, 2025, requires additional time to complete further subscriptions for its second and final tranche, which is expected to close by the end of May 2025.
The completion of the offering remains contingent on receiving further subscriptions and obtaining necessary corporate and regulatory approvals, including TSXV approval. Securities issued through this offering will be subject to a four-month plus one day hold period from the issuance date.
Mines D'Or Orbec (TSXV: BLUE) ha richiesto una proroga di 30 giorni alla TSX Venture Exchange per la protezione del prezzo relativa alla sua offerta di collocamento privato. L'offerta, inizialmente annunciata il 2 aprile 2025, necessita di ulteriore tempo per completare le sottoscrizioni della seconda e ultima tranche, che si prevede di chiudere entro la fine di maggio 2025.
Il completamento dell'offerta dipende ancora dall'ottenimento di ulteriori sottoscrizioni e dalle necessarie approvazioni aziendali e regolamentari, inclusa l'approvazione della TSXV. I titoli emessi tramite questa offerta saranno soggetti a un periodo di blocco di quattro mesi più un giorno dalla data di emissione.
Mines D'Or Orbec (TSXV: BLUE) ha solicitado una prórroga de 30 días a la TSX Venture Exchange para la protección del precio relacionada con su oferta de colocación privada. La oferta, anunciada inicialmente el 2 de abril de 2025, requiere más tiempo para completar las suscripciones adicionales de su segunda y última tranche, que se espera cerrar a finales de mayo de 2025.
La finalización de la oferta sigue dependiendo de recibir más suscripciones y de obtener las aprobaciones corporativas y regulatorias necesarias, incluida la aprobación de TSXV. Los valores emitidos a través de esta oferta estarán sujetos a un período de retención de cuatro meses más un día desde la fecha de emisión.
Mines D'Or Orbec (TSXV: BLUE)는 사모 배정 공모와 관련하여 가격 보호를 위해 TSX 벤처 거래소에 30일 연장 요청을 했습니다. 이 공모는 2025년 4월 2일 처음 발표되었으며, 두 번째이자 마지막 트랜치에 대한 추가 청약을 완료하기 위해 추가 시간이 필요하며, 2025년 5월 말까지 마감될 예정입니다.
공모 완료는 추가 청약 접수와 TSXV 승인을 포함한 필요한 기업 및 규제 승인 획득에 달려 있습니다. 이 공모를 통해 발행된 증권은 발행일로부터 4개월 플러스 1일의 보유 기간이 적용됩니다.
Mines D'Or Orbec (TSXV : BLUE) a demandé une prolongation de 30 jours à la TSX Venture Exchange pour la protection du prix liée à son offre de placement privé. L'offre, initialement annoncée le 2 avril 2025, nécessite un délai supplémentaire pour finaliser les souscriptions de sa deuxième et dernière tranche, dont la clôture est prévue d'ici la fin mai 2025.
La réalisation de l'offre dépend toujours de la réception de souscriptions supplémentaires et de l'obtention des approbations corporatives et réglementaires nécessaires, y compris l'approbation de la TSXV. Les titres émis dans le cadre de cette offre seront soumis à une période de blocage de quatre mois plus un jour à compter de la date d'émission.
Mines D'Or Orbec (TSXV: BLUE) hat bei der TSX Venture Exchange eine 30-tägige Verlängerung zum Preisschutz im Zusammenhang mit ihrem Privatplatzierungsangebot beantragt. Das Angebot, das ursprünglich am 2. April 2025 angekündigt wurde, benötigt zusätzliche Zeit, um weitere Zeichnungen für die zweite und letzte Tranche abzuschließen, die voraussichtlich bis Ende Mai 2025 abgeschlossen wird.
Der Abschluss des Angebots hängt weiterhin von weiteren Zeichnungen und der Einholung der erforderlichen Unternehmens- und behördlichen Genehmigungen, einschließlich der Genehmigung der TSXV, ab. Die im Rahmen dieses Angebots ausgegebenen Wertpapiere unterliegen ab dem Ausgabedatum einer Haltefrist von vier Monaten plus einem Tag.
- None.
- Company needs more time to secure subscriptions for the private placement, potentially indicating weak investor interest
Brossard, Québec--(Newsfile Corp. - May 9, 2025) - Mines D'Or Orbec Inc. (TSXV: BLUE) ("Orbec" or the "Company") announces that in connection with the private placement (the "Offering") originally announced on April 2, 2025, the Company has applied to the TSX Venture Exchange ("TSXV") for an extension for a further 30 days of price protection in order to complete further subscriptions for the second and final tranche of the Offering, which is expected to be completed by the end of the month.
The closing of the Offering remains subject to receipt of further subscriptions and all necessary corporate and regulatory approvals, including the approval of TSXV. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules under applicable securities legislation.
About Orbec
Orbec is a gold company that owns
ON BEHALF OF THE BOARD
John Tait, CEO and Director
For more information, please visit our website www.orbec.ca or contact Mr. John Tait, info@orbec.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" (collectively, forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "proposed", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, incur and renounce exploration expenditures in the timelines indicated; closing of the second and final tranche of the Offering; the Company's objectives, goals and exploration activities conducted and proposed to be conducted at the Company's properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company's properties will be successful; exploration results; and future exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the Company's properties; the receipt of all applicable regulatory approvals for the Offering; the completion of the Offering on the terms described herein, or at all; failure to identify any mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company's properties; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described in the most recently filed management's discussion and analysis of the Company. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251470
FAQ
What is the purpose of Mines D'Or Orbec's (BLTMF) price protection extension request?
When was Mines D'Or Orbec's (BLTMF) private placement originally announced?
What is the hold period for securities issued in Mines D'Or Orbec's private placement?
When does Mines D'Or Orbec (BLTMF) expect to complete the private placement?
