Oriole Resources CEO says £1.8m capital raise is a strong endorsement of Cameroon projects

Oriole Resources PLC (AIM:ORR) CEO Martin Rosser talked with Proactive's Stephen Gunnion about the company’s successful £1.8 million capital raise and how the funds will support key gold exploration activities in Cameroon. Rosser confirmed a £1.8 million placing and a further £200,000 retail offer, both priced at the previous day’s closing bid with warrants attached. "We're delighted that we've announced a £1.8 million placing today and a further retail offer... not being done at a discount," he said. Institutional participation, particularly from RAB Capital, which now holds a 2.1% stake, was described as a strong endorsement. Rosser highlighted that institutional backing is “vital if we are to grow the value of Oriole for the benefit of all shareholders.” The proceeds will fund the MB01-N drilling campaign, aimed at converting an existing exploration target of 372,000 to 605,000 ounces of gold into JORC-compliant resources. Further work is planned at MB01-S and across nearby licences - Pokor, Ndom and Tenekou - all within the same regional trend. Funds will also support surface sampling and advanced studies at the Bibemi project to back its exploitation license application. Rosser described the upcoming program as a "busy and productive time" with significant news flow expected. Visit Proactive's YouTube channel for more company interviews and updates. Don’t forget to like the video, subscribe to the channel, and enable notifications for future content. #OrioleResources #GoldExploration #CameroonMining #JuniorMiners #MiningInvesting #GoldStocks #ResourceSector #MiningUpdate #JORC #ExplorationDrilling #BibemiProject #MbeGoldProject