O2Gold Provides Update on Quebec Aur Transaction

Executive Summary

• O2Gold provided an update on its pending acquisition of Quebec Aur Ltd., confirming the deal remains on track for a February 2026 closing.
• The TSX Venture Exchange granted an extension to February 7, 2026 for O2Gold to complete its previously announced non‑brokered private placement of 18 million units and 16 million flow‑through common shares, targeting gross proceeds of $1.7 million.
• Both the acquisition and the financing are now expected to close concurrently in early February 2026, subject to satisfaction or waiver of remaining conditions.

Key Details

• Acquisition: Purchase of all issued and outstanding shares of Quebec Aur Ltd. via a share‑exchange agreement dated April 15 2024 (amended November 14 2024).
• Financing Extension: TSX Venture Exchange extension to February 7, 2026 for the private placement offering of 18 M units + 16 M flow‑through common shares.
• Offering Size & Proceeds: Aggregate gross proceeds targeted at $1.7 million.
• Closing Timeline: Both the acquisition and the financing are now expected to close in early February 2026, contingent on satisfaction or waiver of certain conditions.
• Prior Disclosures Referenced: Press releases dated April 15, 23, 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.
• Contact: Scott Moore, Chief Executive Officer – (416) 861‑1685, [email protected]

Notable Quotes

(No direct quotes were included in the release.)