Orosur Mining Raises CA$16 Million from Best-efforts Private Placement

12:06 AM EDT, 10/07/2026 (MT Newswires) -- Orosur Mining (OMI.L) completed its best-efforts private placement of shares with warrants, raising total proceeds of CA$16 million. The minerals development company offered 50 million units, according to a Tuesday filing. Each unit comprised one common share with half of a warrant for the purchase of one common share. A whole warrant entitles the holder to buy one common share of the company at an exercise price of CA$0.46. Net proceeds from the offering will extend the company's cash runway through late 2027, providing it with resources for its Anzá exploration project in Colombia, general working capital, and corporate expenditures.