M&A / Property

Cameo Resources completes Kempton acquisition

By The Northwire Desk — AI Analysis Oct 22, 2025 · 17:48 MEQ · 197 Mainstreet Equity Corp

MEQ · Price

Cameo Resources Inc. completed a securities exchange to acquire 100 % of the Kempton gold project in Tanzania from 1315418 B.C. Ltd. (Privco).
The consideration was seven million (7,000,000) newly issued common shares priced at C$0.1125 per share.
Issued shares are subject to a four‑month‑plus trading restriction.

Transaction Structure: Arm’s‑length securities exchange agreement dated September 29, 2025; closed on October 10, 2025.
Consideration: Seven million (7 M) common shares issued to Privco shareholders at a deemed price of C$0.1125 per share, representing the full purchase price for 100 % of Privco’s outstanding shares and associated Kempton gold property rights.
Asset Acquired: 100 % right, title and interest in the Kempton Gold Project located in the Geita region of Tanzania.
Trading Restrictions: Shares issued as consideration are restricted from trading for four months and one day following issuance.
Counterparty: 1315418 B.C. Ltd., a British Columbia‑incorporated company (Privco).

(No quotes were provided in the release.)

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