Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on its 100%-owned Omai Gold Project in Guyana, South America. The project hosts two adjacent orogenic gold deposits. An updated NI43-101 Mineral Resource Estimate of 4.4 million oz (Inferred) at 1.95 g/t Au (in 69.6Mt) plus 2.1 million oz (Indicated) at 2.07 g/t Au (in 31.9Mt) was announced August 25, 2025.
https://www.stockwatch.com/Quote/Detail?C:OMG
October 3, 2025 – OMAI GOLD MINES CORP. ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED BOUGHT DEAL PRIVATE PLACEMENT TO $40 MILLION
Omai Gold Mines Corp., due to investor demand, and Paradigm Capital Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, have agreed to increase the size of the company’s previously announced bought deal private placement offering. Under the amended offering, 34,783,000 common shares of the company are to be issued at $1.15 per share for gross proceeds of $40,000,450. In connection with the upsize of the offering, the company and Paradigm have also agreed that the previously announced underwriters’ option (as such term is defined in the news release of the company dated Sept. 30, 2025) shall no longer apply to the offering.
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Ms. Elaine Ellingham reports
OMAI GOLD MINES CORP. ANNOUNCES $30 MILLION BOUGHT DEAL PRIVATE PLACEMENT OF COMMON SHARES
Omai Gold Mines Corp. has entered into an agreement with Paradigm Capital Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters to be formed, in connection with a bought deal private placement offering of 26,087,000 common shares of the company to be issued at $1.15 per share for gross proceeds of $30,000,050.
In addition, the underwriters have been granted an option to purchase up to 3,913,050 additional shares for additional gross proceeds of up to $4,500,008.
The net proceeds from the offering will be used for exploration and development, and general working capital purposes.
In connection with the offering, the company has agreed to pay the underwriters a fee of 5.5 per cent of the gross proceeds from the sale of the shares. The company will have the right to include a list of subscribers to purchase up to $1.5-million of the shares at the issue price under the offering. The underwriters will receive a reduced underwriters’ fee of 3 per cent of the gross proceeds from the sale of the shares to the president’s list.
The offering is expected to close on or about Oct. 21, 2025, and is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The offering is being made by way of private placement in Canada, in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and in such other jurisdictions as may be mutually agreed upon by the underwriters and the company. The securities issued under the offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the offering.
The Omai Gold Mine produced over 3.7 million ounces of gold from 1993 to 2005, ceasing operations when gold was below US$400 per ounce. The Omai site benefits from existing infrastructure and will soon be connected to the two largest cities in Guyana, Georgetown and Linden, via paved road.
Globe says new coverage rates Omai Gold Mines “buy”
2025-08-20 04:03 ET – In the News
“The Globe and Mail reports in its Friday, Aug. 29, edition that Stifel analyst Cole McGill commenced coverage on Omai Gold Mines with a “buy” recommendation and a $1.40 share target. The Globe’s David Leeder writes in the Eye On Equities column that analysts on average target the shares at $1.82. Mr. McGill says in a note: “Our investment thesis on Omai is underpinned by a rare combination of scale, grade and infrastructure in an emerging jurisdiction (Guyana now ninth, up from 22nd in 2022 on Fraser Institute rankings for mining investment attractiveness) with one of the best gold discovery rates in the Americas. Omai Gold’s 100-per-cent owned, brownfield Omai gold project already hosts 6.5 MMoz Au at 1.99 g/t Au, placing Omai in a select group of plus-5MMoz, 2g/t Au gold deposits not already owned by a producer (just two in the Americas) with plus-300kozpa Au, +15 year life of mine potential. With the Guiana Shield receiving renewed interest in recent years, we think Omai’s combination of rapid ounce growth and healthy in country acquisition multiples support increased asset value.”
Elaine Ellingham, President & CEO, Executive Chairman is a director of Alamos Gold Inc. AGI.t
https://www.stockwatch.com/Quote/Detail?C:AGI
On October 10, 2025 Company updated deep hole drilling.
“Our deep hole testing both Gilt Creek & Wenot’s blue-sky depth potential just hit 2,000 m!”
https://x.com/OmaiGoldMines/status/1975944366716846537
On Sept 24th, 2025 Co announced that assays are pending for the upper part of the hole and sampling of the lower part awaited completion of drilling.