Canaccord Genuity acts as Lead Manager and Bookrunner to Oklo Resources Limited on its A$14.3 million equity capital raise and block trade
Canaccord Genuity is pleased to announce the completion of a placement of 36.2 million shares at an offer price of A$0.24 per share, raising gross proceeds of A$8.7 million on behalf of Oklo Resources Ltd. (ASX.OKU) (“Oklo”). Canaccord Genuity acted as Lead Manager and Bookrunner to the equity capital raise, which was oversubscribed with strong domestic and international demand, including BlackRock Group (“BlackRock”), a pre-eminent resources fund who was cornerstone to the placement.
The proceeds of the placement will primarily be used to accelerate exploration activities over Oklo’s Mali gold projects and for general working capital purposes.
Concurrent with the placement, Canaccord Genuity also facilitated the sale of 23.4 million shares at A$0.24 per share (A$5.6 million) on behalf of Chalice Gold Mines Ltd to BlackRock, taking BlackRock’s shareholding in Oklo to 14.89% (post-placement).
Oklo is an ASX-listed gold exploration company focussed on the exploration and development of eight gold projects located in south-western Mali, covering 1,389km2. The company’s flagship projects are concentrated in two key, highly prospective areas: West Mali; and South Mali. The current focus is on the drilling of the Dandoko project (West Mali), 50km south-east of Rand Gold’s 11Moz Luolo Gold Mine and approximately 30km east of B2Gold Resources’ (formerly Papillon Resources) 5.15Moz Fekola deposit.
