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].