Orosur Mining Inc. (TSXV: OMI) (AIM: OMI) announced on September 25, 2026 that its brokered Listed Issuer Financing Exemption private placement has been oversubscribed and fully allocated, targeting gross proceeds of up to C$14,000,000. The Base Offering involves the sale of up to 43,750,000 units priced at C$0.32 each, with Red Cloud Securities Inc. acting as sole agent and bookrunner. The company stated that proceeds will be directed principally toward advancing its Anzá gold exploration project in Colombia, including drilling at the El Cedro target.

Key Points

  • Orosur Mining Inc. (TSXV: OMI) (AIM: OMI) is a gold exploration company with its primary asset, the Anzá project, located in Colombia.
  • The Base Offering is oversubscribed and fully allocated, with gross proceeds of up to C$14,000,000 targeted through 43,750,000 units at C$0.32 per unit.
  • An Agent's Option allows up to an additional 6,250,000 units to be sold for up to an additional C$2,000,000; the offering is scheduled to close on or around October 6, 2026.
  • Investors should monitor receipt of TSX Venture Exchange approval and AIM admission, both listed as conditions to closing.

Oversubscription Signals Strong Investor Appetite for Anzá Gold Project

Orosur Mining's executive chairman Louis Castro stated in the release that the company is "delighted at the take up of the Offering and the oversubscription in difficult market conditions," acknowledging support from both existing and new investors. The company's Anzá project in Colombia is the central focus of the capital raise, with the release stating that proceeds will be spent "almost exclusively on drilling," including at the recently identified El Cedro target. The oversubscription outcome indicates demand exceeded the Base Offering's original unit allocation.

Unit Structure and Warrant Terms for the C$14M Offering

Each unit in the offering consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at US$0.32 — approximately C$0.45 or GBP £0.24 — exercisable beginning 61 days after closing and expiring 24 months following the closing date. The Agent's Option, exercisable up to 48 hours before closing, could increase total gross proceeds to up to C$16,000,000 if exercised in full, though this figure represents the maximum potential outcome under that option.

Canadian and International Distribution Under LIFE Exemption

Up to 43,125,000 units may be offered in Canada under the Listed Issuer Financing Exemption to purchasers in Alberta, British Columbia, Manitoba, Ontario, and Saskatchewan, with underlying securities from these sales carrying no hold period under Canadian securities legislation. Remaining units sold under the accredited investor or minimum amount investment exemptions will be subject to a standard Canadian hold period. Units may also be offered to purchasers outside Canada, including in the United States, pursuant to applicable registration exemptions.