NOT FOR
DISTRIBUTION TO U.S.
NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
OREZONE COMPLETES C$54 MILLION
FINANCING
December 21, 2010 - OREZONE GOLD CORPORATION (ORE:TSX) (the "Company" or "Orezone")
is pleased to announce that it has completed its previously announced
$53,906,250 equity financing (the "Offering"). A total of 14,375,000
common shares, including the exercise of the over-allotment option, have been
issued today at a price of $3.75 per share to a syndicate of underwriters led
by Canaccord Genuity Corp.
and Desjardins Securities Inc. and including CIBC World Markets Inc., BMO
Capital Markets Corp. and Raymond James Ltd. (the "Underwriters").
The common shares were sold by way of a short form
prospectus in each of the provinces and territories of Canada
other than Quebec.
Orezone is a gold exploration and development company with significant gold
resources in Burkina Faso and
more than 15 years of operating experience in West Africa,
one of the world's fastest growing gold producing regions. Orezone
is focused on developing Bombor�, the second largest
gold deposit in the country, and its pipeline of advanced gold projects. Orezone's mission is to create wealth by discovering and
developing gold resources in an efficient and responsible manner for the
benefit of its shareholders and other stakeholders.
For further information please contact Orezone
at (613) 241-3699 or Toll Free: (888) 673-0663
Ron
Little, CEO, rlittle@orezone.com ������������������������������������������������������������������������ Joe
McCoy, CFO, jmccoy@orezone.com
FORWARD-LOOKING
STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain
"forward-looking statements" within the meaning of applicable
Canadian securities laws. Forward-looking statements and forward-looking
information
are frequently
characterized by words such as "plan," "expect,"
"project," "intend," "believe,"
"anticipate", "estimate" and other similar words, or
statements that certain events or conditions "may" or
"will" occur. Forward-looking statements include statements with respect
to the timing and completion of the Offering.
FORWARD-LOOKING
STATEMENTS are based on the opinions and estimates of management at the date
the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking statements. These
factors include the inherent risks involved in the exploration and development
of mineral properties, the uncertainties involved in interpreting drilling
results and other geological data, fluctuating metal prices, the possibility of
project cost overruns or unanticipated costs and expenses, uncertainties
relating to the availability and costs of financing needed in the future and
other factors. The Company undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions should
change. The reader is cautioned not to place undue reliance on forward-looking
statements.
This press
release does not constitute an offer of securities for sale in the United
States. The securities being offered have not
been, nor will be, registered under the United States Securities Act of 1933,
as amended, and may not be offered or sold within the United States absent U.S.
registration or an applicable exemption from U.S. registration requirements.