Opus One Gold Corporation successfully closed a non-brokered private placement, raising $2,228,825.31 through the issuance of flow-through shares and units. The funds will be used for exploration and general working capital. The offering was made to accredited investors in Canada and is subject to a four-month hold period. A related party transaction involving a director acquiring shares was disclosed. Previous private placement warrants had a term of 24 months, not 36 months as previously stated. The closing is pending TSX Venture Exchange approval. Opus One Gold Corporation focuses on mining exploration in the Abitibi Greenstone Belt.

Read more at GlobeNewswire: Opus One Gold Corporation Announces Closing of a Private