Omai Gold Mines Corp. Announces $30 Million Bought Deal Private Placement of Common Shares

Core Viewpoint - Omai Gold Mines Corp. has announced a bought deal private placement offering of 26,087,000 common shares at an issue price of $1.15 per share, aiming to raise gross proceeds of $30,000,050 [1][2]. Group 1: Offering Details - The underwriters have an option to purchase an additional 3,913,050 shares for up to $4,500,008 in gross proceeds [2]. - The net proceeds from the offering will be allocated for exploration, development, and general working capital [2]. - The company will pay the underwriters a fee of 5.5% of the gross proceeds, with a reduced fee of 3% for shares sold to a designated "President's List" of subscribers [3]. Group 2: Closing and Regulatory Information - The offering is expected to close around October 21, 2025, pending necessary approvals from the TSX Venture Exchange and other regulatory authorities [4]. - The offering will be conducted as a private placement in Canada and the U.S., with securities subject to a hold period of four months and one day from the closing date [4]. Group 3: Company Overview - Omai Gold Mines Corp. is focused on expanding its gold deposits at the Omai Gold Project in Guyana, which is recognized as a rapidly growing gold camp in the Guiana Shield [6]. - The company has recently updated its mineral resource estimate and is preparing for an updated Preliminary Economic Assessment (PEA) expected in early 2026 [6]. - The Omai Gold Mine has a historical production of over 3.7 million ounces of gold from 1993 to 2005, benefiting from existing infrastructure and upcoming road connections to major cities in Guyana [7].