Opus One Gold Corporation announced a non-brokered private placement of 10,000,000 flow-through units at a price of CAD 0.02 per unit for gross proceeds of up to CAD 200,000 on December 19, 2022. Each flow-through unit will be comprised of one flow-through common share of the company and one-half of one non-flow-through common share purchase warrant, with each Warrant entitling the holder to acquire one Share at an exercise price of CAD 0.05 per Share for a period of 24 months following the closing of the transaction. The securities will be subject to a four-month hold period in Canada.

The company may pay finder's fees and issue finder warrants to arm's length finders, consisting of: (i) cash finder's fees of up to 5% of the gross proceeds of the offering; and (ii) finder warrants in an amount equal to up to 5% of the number of flow-through units issued pursuant to the offering, exercisable at a price of CAD 0.05 per common share for a period of two years following the closing date. The closing of the transaction is scheduled to occur on or about December 20, 2022 and is subject to the approval of the TSX Venture Exchange and other customary closing conditions.