O2gold receives TSX-V OK to extend $1.7M placement

Executive Summary

• O2gold Inc. provided an update on its pending acquisition of Quebec Aur Ltd. and a related non-brokered private placement financing.
• The company received an extension from the TSX Venture Exchange to close the financing, with a new deadline of March 7, 2026.
• Both the acquisition and the financing are expected to close in early March 2026, subject to the satisfaction or waiver of certain conditions.

Key Details

• Transaction: Acquisition of all issued and outstanding shares of Quebec Aur Ltd. via a share exchange agreement dated April 15, 2024, as amended November 14, 2024.
• Financing Structure: Non-brokered private placement consisting of 18 million units and 16 million flow-through common shares.
• Gross Proceeds: $1.7 million.
• Closing Extension: TSX Venture Exchange granted an extension to close the offering until March 7, 2026.
• Expected Closing Date: Early March 2026 (contingent on conditions).
• Referenced Documentation: Press releases dated April 15, 2024; April 23, 2024; April 24, 2024; May 30, 2024; August 23, 2024; April 8, 2025; and August 7, 2025, as well as the management information circular mailed to shareholders of record as of August 26, 2024.