Orestone Mining Raises $150,000 Through Private Placement

Orestone Mining Corp. announced a non-brokered private placement on Thursday, aiming to raise up to $150,000. The company plans to issue a maximum of 5 million common shares at a price of $0.03 per share. The offering is expected to close on or about April 30, 2024, subject to conditional approval from the TSX Venture Exchange.

Proceeds from the placement will be allocated to specific expenses, including $45,000 for audit and tax services payable to DeVisser Gray LLP and $25,000 for office rent and accounting services provided by Pacific Opportunity Capital, a non-arm's length party. The remaining funds will be used for general working capital purposes.

In addition to the financing, Orestone Mining Corp. has spent the last six months reviewing prospective gold, silver, and copper properties in British Columbia, Nevada, Chile, and Argentina. The company believes the commodity cycle is gaining momentum, which could improve market conditions and funding availability for exploration companies.

Orestone Mining Corp. is a mineral exploration company headquartered in Vancouver, British Columbia. Its primary asset is the 100 percent-owned Captain gold-copper project located in north-central British Columbia.