O2gold receives extension to close placement to Dec. 7

Executive Summary

• O2gold Inc. has received an extension from the TSX Venture Exchange to close its previously announced non-brokered private placement financing and the acquisition of Quebec Aur Ltd.
• The new deadline for closing both the financing and the acquisition is December 7, 2025, subject to the satisfaction or waiver of certain conditions.
• The financing involves the issuance of 18 million units and 16 million flow-through common shares for aggregate gross proceeds of $1.7 million.

Key Details

• Transaction: Acquisition of all issued and outstanding shares of Quebec Aur Ltd. (Quebec Aur) 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
  • 16 million flow-through common shares
• Gross Proceeds: $1.7 million
• Closing Date: Extended to on or prior to December 7, 2025.
• Conditions: Closing is subject to the satisfaction or waiver of certain conditions.
• Related Documentation: The acquisition is detailed in press releases dated April 15, 2024; April 23, 2024; April 24, 2024; May 30, 2024; and August 23, 2024, as well as the management information circular mailed to shareholders of record as of August 26, 2024. Additional financing information is in press releases dated April 8, 2025, and August 7, 2025.