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Ongwe Minerals upsizes private placement to raise $15.4M for Namibian gold exploration.

Company Fundamentals
12 Jun 2026
Newsfile Corp
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Bullish
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Ongwe Minerals Inc. announced an increase in its private placement offering to issue up to 11.16 million shares at $1.38 each, aiming to raise approximately $15.4 million. The funds will support exploration activities on its Namibian gold projects and general corporate purposes. The offering, led by Beacon Securities and other agents, includes an option to sell additional shares and a concurrent non-brokered private placement expected to raise about $4.6 million. The closing is anticipated around June 25, 2026, pending regulatory approvals, with insiders possibly participating under specific exemptions.

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