M&A / Property

Cameo Acquires a 100% Interest in the Kempton Gold Project In Tanzania

By The Northwire Desk — AI Analysis Oct 22, 2025 · 08:30 MEO · 0.17 Cameo Resources Inc.

MEO · Price

Cameo Resources Inc. closed a securities exchange agreement to acquire 100% of the Kempton Gold Project in Tanzania from 1315418 B.C. Ltd. (“PrivCo”).
The consideration is 7 million common shares issued at a deemed price of $0.1125 per share, subject to a four‑month trading restriction.
The transaction was announced on October 10, 2025 and finalized on October 22, 2025.

Transaction Structure: Arms‑length Securities Exchange Agreement dated September 29, 2025; closing occurred October 22, 2025.
Consideration: 7 million Cameo common shares issued to PrivCo shareholders at a deemed price of $0.1125 per share (aggregate implied value ≈ $787,500).
Ownership Transfer: 100% right, title, and interest in the Kempton Gold Project transferred to Cameo Resources Inc.
Trading Restriction: Shares issued as consideration are restricted from trading for four months and one day following issuance.
Target Asset: Kempton Gold Project located in the Geita region of Tanzania.
Counterparty: 1315418 B.C. Ltd., a British Columbia‑incorporated company (PrivCo).

(No direct quotes were provided in the release.)

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