Orezone Completes C$20.3 Million Bought Deal Offering - Seite 2

The Warrants issued under the Offering have been conditionally approved for listing on the TSX Venture Exchange (“TSXV”) and are expected to commence trading on the TSXV on January 31, 2020 under the trading symbol “ORE.WT”. The warrant indenture governing the Warrants provides that a holder of Warrants may not exercise warrants to acquire Shares that would result in such holder holding 20% or more of the issued and outstanding Shares without prior approval of the TSXV and the consent of the Company.

The closing of the Offering included the issuance of 495,900 Units as part of a partial exercise of the over-allotment option granted by the Company to the Underwriters.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States or to the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) or a person in the United States absent an exemption from the registration requirements of such Act and in compliance with all applicable state securities laws.

Orezone Gold Corporation

Orezone Gold Corporation (TSXV:ORE) is a Canadian exploration and development company which owns a 90% interest in Bomboré, one of the largest undeveloped gold deposits in Burkina Faso. Bomboré hosts a large oxide resource underlain by a larger, open sulphide resource, and will be developed in two stages.

Patrick Downey,
President and Chief Executive Officer

Vanessa Pickering
Manager, Investor Relations

Tel: [phone] / Toll Free: 1 888 673 0663
[e-mail] / www.orezone.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING INFORMATION AND FORWARD-LOOKING STATEMENTS:

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws. Forward-looking information and forward-looking statements (together, “forward-looking statements”) are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential”, “possible” and other similar words, or statements that certain events or conditions “may”, “will”, “could”, or “should” occur. Forward-looking statements in this news release include, but are not limited to, statements with respect to the use of proceeds of the Offering, the listing of the Warrants, completion of the Phase I resettlement plan and securing binding debt commitments.