Orford Mining Corporation announced a non-brokered private placement of up to 15,000,000 flow-through share units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 750,000 and 5,800,000 Hard Dollar share units at an issue price of CAD 0.045 per unit for the gross proceeds of CAD 261,000 for the aggregate gross proceeds of CAD 1,011,000 on November 7, 2023. Each Flow-Through unit and Hard dollar unit will consist of one common share and one-half of a common share purchase warrant. Each whole common share purchase warrant will entitle the holder to purchase one common share of the company for a period of two years at an exercise price of CAD 0.065.

Alamos Gold has indicated that it intends to participate in the financing to maintain its pro-rata holding of approximately 27.9% of company's outstanding common shares. The securities issued under the offering will be subject to a hold period expiring four months plus a day from the date of closing. The transaction is subject to the prior approval of the TSX Venture Exchange.