Opus One Gold Corporation announced a non-brokered private placement 25,000,000 units at an issue price of CAD 0.02 per unit for gross proceeds of up to CAD 500,000 on February 1, 2023. Each unit consists of one common share and one 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 offering. The company will not issue more than 100% of its issued and outstanding shares pursuant to the offering.

In connection with the offering, the company may pay finder's fees and issue finder warrants to arm's length finders, consisting of cash finder's fees of up to 5 per cent of the gross proceeds of the offering and finder warrants in an amount equal to up to 5 per cent 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. Closing of the offering is scheduled to occur on or about February 20, 2023 and is subject to the approval of the TSX Venture Exchange and other customary closing conditions.