Mines D'Or Orbec Announces Closing of Second and Final Tranche of Private Placement

Company Overview - Mines D'Or Orbec Inc. has completed a non-brokered private placement, raising a total of $1,005,000 through the issuance of 19,500,000 units and additional common shares [1][3] - The company owns 100% of a mineral claim position near Chibougamau, Québec, covering approximately 25,250 hectares in the Abitibi Greenstone Belt, which is prospective for gold and copper-gold mineralization [6] Offering Details - The second tranche of the offering consisted of 8,600,000 units sold at $0.05 per unit, generating gross proceeds of $430,000 [1][2] - Each unit includes one common share and one-half of a share purchase warrant, with warrants exercisable at $0.075 for 18 months [2] - The net proceeds will be allocated for exploration of the company's properties and general corporate purposes [3] Related Party Transactions - The Chairman and CEO of the company each purchased $35,000 worth of units in the offering, classified as a related party transaction [5] Regulatory and Financial Aspects - The shares and warrants are subject to a four-month hold period and require final approval from the TSX Venture Exchange [4] - Eligible finders received a 6% cash fee on the gross proceeds and finder warrants equivalent to 6% of the total units sold [4]