Core Viewpoint - Opus One Gold Corporation has successfully completed a non-brokered private placement, raising a total of approximately $2,569,100 for exploration and working capital purposes [1][2]. Group 1: Private Placement Details - The second and final closing of the private placement involved 5,235,000 units at a price of $0.065 per unit, generating gross proceeds of $340,275 [1]. - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.10 per share for 24 months [1]. - The total amount raised from the private placement will be allocated for exploration on mineral properties and general working capital [2]. Group 2: Regulatory and Transactional Aspects - The units were offered under the "accredited investor" exemption in Canada and are subject to a four-month hold period post-closing [3]. - In the second tranche, the company paid $1,067.50 in cash finders fees and issued 43,200 compensation warrants, also exercisable at $0.10 per share for 24 months [4]. - The transactions involving insiders Louis Morin and Charles Chevrette, who acquired 500,000 and 400,000 units respectively, are classified as related party transactions but are exempt from formal valuation requirements [5][6]. Group 3: Company Overview - Opus One Gold Corporation is focused on mining exploration, particularly in the Abitibi Greenstone Belt, a region known for its rich gold deposits [8]. - The company holds assets in the Val-d'Or and Matagami areas, which are strategically located near existing mines [8].

Core Viewpoint - Opus One Gold Corporation has successfully closed a non-brokered private placement of flow-through shares and units, raising a total of $2,228,825.31 for exploration and working capital purposes [1]. Group 1: Financial Details - The company issued 21,014,338 flow-through shares for gross proceeds of $1,576,075.35 at a price of $0.075 per share [2]. - Additionally, 10,042,307 units were issued for gross proceeds of $652,749.96 at a price of $0.065 per unit, with each unit consisting of one common share and one warrant [2]. - Each warrant allows the holder to acquire one common share at an exercise price of $0.10 for a period of 24 months following the closing of the offering [2]. Group 2: Use of Proceeds - The gross proceeds from the issuance of flow-through shares will be allocated for exploration on the company's mineral properties [3]. - The net proceeds from the issuance of units will be used for general working capital and payment of fees related to the offering [3]. Group 3: Regulatory and Compliance Information - The offering was conducted under the "accredited investor" exemption in all provinces of Canada, and the securities are subject to a four-month hold period following the closing [4]. - The company paid $67,945 in cash finders fees and issued 870,363 compensation warrants to finders, each exercisable for 24 months at a price of $0.10 per share [5]. Group 4: Related Party Transactions - Patrick Fernet, a director of the company, acquired 300,000 flow-through shares for a total consideration of $22,500, qualifying as a related party transaction [6]. - This transaction is exempt from formal valuation and minority approval requirements as it does not exceed 25% of the company's market capitalization [7]. Group 5: Company Overview - Opus One Gold Corporation is focused on discovering high-quality gold and base metals deposits in strategically located properties within the Abitibi Greenstone Belt, a prolific gold mining area [10].