News Release
Orezone Gold Corporation To Trade On Toronto Stock Exchange
Orezone Gold Corporation
(the "Company") - An application has been granted for the original listing in the Mining category of 59,489,558 common shares, of which 53,733,689 common shares will be issued and outstanding and 5,755,869 common shares will be reserved for issuance.
The common shares of the Company will be listed and posted for trading at the opening on Wednesday, February 25, 2009 in anticipation of the completion of a plan of arrangement (the "Arrangement"), before the opening of business on February 25, 2009, involving the Company, IAMGOLD Corporation ("IAMGOLD") and Orezone Resources Inc. ("Orezone Resources"). Pursuant to the Arrangement, shareholders of Orezone Resources (Symbol: OZN) will receive, for each common share held: (i) 0.125 of a common share of the Company; and (ii) 0.08 of an IAMGOLD common share (Symbol: IMG).
Stock Symbol: "ORG"
CUSIP: 68616T 10 9
Trading Currency: CDN$
See elsewhere in today's TSX Bulletins regarding the anticipated halting from trading of the Orezone Resources common shares at the opening on February 25, 2009.
Should the Arrangement not become effective as scheduled, TSX will issue a Trader Note stating (i) that the common shares of the Company will be halted at the opening on February 25, 2009 and will remain halted until TSX has been informed that the Arrangement has closed; and (ii) the common shares of Orezone Resources will continue trading at the opening on February 25, 2009, again until TSX has been informed that the Arrangement has closed.
Fractional Company common shares will not be issued pursuant to the Arrangement. All fractional entitlements will be rounded down and no compensation will be given in lieu thereof.
Temporary Market Maker: Research Capital Corporation
Other Markets: None.
Head Office Address: 201 - 290 Picton Ave.
Ottawa, Ontario
K1Z 8P8
Email Address: info@orezone.com
Website: www.orezone.com
Head Office Telephone Number: (613) 241-3699
Fax Number: (613) 241-6005
Investor Relations Contact: Janet Eastman
Manager, Investor Relations
Tel: (613) 241-3699
Email: jeastman@orezone.com
Incorporation: The Company was incorporated on December 1, 2008, pursuant to the Canada Business Corporations Act. The Company will change its name from numbered form to Orezone Gold Corporation, upon completion of the Arrangement.
Fiscal Year End: December 31
Chief Executive Officer Ronald Little
Chief Financial Officer Sean Homuth
Senior Vice President and Corporate Secretary: Gregory B. Bowes
Vice President, Exploration Pascal Marquis
Nature of Business: The Company has not carried on any active business since incorporation and currently has no properties or assets. As part of the Arrangement, Orezone Resources will transfer its interest in the Sequenega Project, the Bombore Project and the Bondigui Project to the Company, along with certain liabilities. Following the Arrangement, the Company will be engaged in the acquisition, exploration and development of precious metal and uranium properties, primarily in Burkina Faso and Niger, West Africa.
Transfer Agent & Registrar: Computershare Investors Services Inc. at its offices in Toronto and Montreal.
Dividends: The Company has not declared or paid any dividends on its common shares since incorporation.
