Orosur Mining Inc. (LSE:OMI) announced on 18 September that it is increasing the size of its previously announced brokered private placement from C$15 million to up to C$18 million, with the potential to reach C$20 million if the agents exercise their full option. The company plans to sell up to 52.9 million common shares at C$0.34 each, with Red Cloud Securities Inc. serving as lead agent and sole bookrunner, alongside UK brokers Turner Pope Investments Ltd. and Greenwood Capital Partners Limited.
The agents have an option, exercisable up to 48 hours before closing, to sell an additional 5.88 million shares for an extra C$2 million in proceeds. The offering will be available to investors across Canada (excluding Quebec) and internationally, including in the United States under applicable exemptions.
Proceeds from the placement are intended to fund Orosur’s Anzá exploration project in Colombia and support general corporate and working capital needs. The closing is expected on or around September 30, 2025, but no later than October 17, 2025, subject to regulatory approvals including the TSX Venture Exchange and AIM market admissions.
Orosur said the offering leverages its dual listing on TSX-V and AIM to broaden its shareholder base, improve liquidity, and attract institutional investors in Canada, the UK, and other markets. An amended offering document is available on [SEDAR+] and the company’s website.
For the UK segment, the placement will target institutional and eligible investors, with allocations and timing at the discretion of the UK brokers and agents. The shares have not been, and will not be, registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without applicable exemptions.
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