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TORONTO, Aug. 8, 2022 /CNW/ – Orford Mining Corp. (“Orford” or the “Company”) (TSXV: ORM) is pleased to announce that it has closed the non-brokered private placement previously announced in a July 18, 2022 press release for up to $2.4 million. The non-brokered private placement consisted of 15,238,095 million flow-through units at an issue price of C$0.1575 per unit for aggregate gross proceeds of $2,399,999.96. Each flow through unit consisted of one common share and one-half of a common share purchase warrant. Each whole common share purchase warrant will entitle the holder to purchase one common share of the Company for a period of two years at an exercise price of $0.13.
Alamos Gold Inc. agreed to indirectly participate in the above financing through the purchase of 7,000,000 non…
