Medaro Mining cancels proposed RTO with Omega Gold

Executive Summary

• Medaro Mining Corp. has terminated its previously announced reverse takeover (RTO) with Omega Gold Corp.; the transaction will not proceed.
• The termination follows mutual agreement under the non‑binding Letter of Intent dated June 23, 2025; each party will bear its own costs and expenses.
• Medaro remains focused on evaluating other strategic opportunities and prudent capital allocation to create long‑term shareholder value.

Key Details

• Transaction: Reverse takeover (RTO) between Medaro Mining Corp. and Omega Gold Corp.
• Status: Terminated; parties have ended discussions under the non‑binding LOI dated June 23, 2025.
• Costs: Each party will bear its own costs and expenses incurred in connection with the proposed transaction.
• Strategic Outlook: Medaro continues to evaluate alternative strategic opportunities while emphasizing prudent capital allocation and long‑term shareholder value creation.

Notable Quotes

(No direct quotes were provided in the release.)