All forward-looking statements 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 including, but not limited to, delays caused by pandemics, terrorist or other violent attacks (including cyber security attacks), the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company's most recent annual information form and management discussion and analysis filed on SEDAR+.
The Phase II Hard Rock Expansion is now well advanced and once commissioned, will increase annual gold production to over 170,000 ounces from current levels of between 110,000 to 125,000 ounces.” The Company has agreed to amend certain terms of its outstanding convertible debentures to secure the consent of the debenture holders for the Phase II Term Loan.
Forward-looking statements in this press release include, but are not limited to, statements that the construction of the Phase II Hard Rock expansion is now well advanced and once commissioned, will increase annual production to over 170,000 ounces and that first gold from the expansion is scheduled for Q4-2025.
The story "Orezone Announces Closing of Term Loan for Phase II Hard Rock Expansion" has 953 words across 26 sentences, which will take approximately 4 - 8 minutes for the average person to read.
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