Orestone Announces $2,000,000 Non-Brokered Private Placement

Core Viewpoint - Orestone Mining Corp. is initiating a non-brokered private placement to raise up to $2,000,000 through the sale of 25,000,000 units at a price of $0.08 per unit, with each unit comprising one common share and one warrant exercisable at $0.16 for one year [1][2]. Group 1: Offering Details - The closing date for the offering is expected around October 30, 2025, pending approval from the TSX Venture Exchange [2]. - The company may pay a cash fee of 7% of the proceeds to certain arm's length finders, subject to Exchange approval [2]. Group 2: Related Party Transactions - Certain directors, officers, and insiders are expected to participate in the offering, which will be classified as "related party transactions" under Exchange Policy 5.9 and MI 61-101 [3]. - The company plans to utilize exemptions from formal valuation and minority shareholder approval requirements due to the expected transaction value not exceeding 25% of the company's market capitalization [3]. Group 3: Use of Proceeds - The net proceeds from the offering will be allocated to further development of the Francisca property in Salta Province, Argentina, the Captain property in British Columbia, Canada, and for general administrative expenses and working capital [4]. Group 4: Company Overview - Orestone Mining Corp. is a Canadian company with a management team experienced in various aspects of the mining industry, focusing on gold, silver, and copper projects in Canada and Argentina [6]. - The Francisca property aims to define an oxide gold deposit suitable for open-pit mining, while the Captain project is a gold-copper porphyry system that is permitted and ready for drilling [6].