Omai Gold Mines Corp. Announces Upsize of Previously Announced Bought Deal Private Placement to $40 Million

Core Viewpoint - Omai Gold Mines Corp. has announced an increase in its previously announced bought deal private placement offering to $40 million due to strong investor demand [1] Group 1: Offering Details - The amended offering will issue 34,783,000 common shares at an issue price of $1.15 per share, resulting in gross proceeds of $40,000,450 [1] - The company will pay the underwriters a fee of 5.5% of the gross proceeds from the sale of the shares, with a reduced fee of 3% for shares sold to a designated "President's List" of subscribers [3] - The offering is expected to close on or about October 21, 2025, subject to necessary approvals and conditions [4] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration and development, as well as general working capital purposes [2] Group 3: Company Background - Omai Gold Mines Corp. is focused on expanding its two orogenic gold deposits at the 100%-owned Omai Gold Project in Guyana, which is recognized as one of the fastest-growing gold camps 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][8] - The Omai Gold Mine has a historical production record 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 [9]