Original News Release
Ongwe Minerals begins trading on TSX-V
Mr. Dave Underwood reports
ONGWE MINERALS ANNOUNCES LISTING AND COMMENCEMENT OF TRADING ON THE TSX VENTURE EXCHANGE UNDER "OGW"
Ongwe Minerals Inc.'s common shares have commenced trading on the TSX Venture Exchange under the symbol OGW, marking a significant milestone following the successful completion of its reverse takeover transaction with Lotus Gold Corp. and concurrent financing.
The commencement of trading represents the culmination of Ongwe's transformational RTO (reverse takeover), name change and share consolidation, as well as the closing of its significantly oversubscribed $4.85-million financing, positioning the company with a strong balance sheet and a focused strategy to advance its gold exploration portfolio in Namibia.
Ongwe's flagship assets include the Khorixas gpld Project and the Eastern Desert gold project, both located within a highly prospective and emerging gold belt. With a strategic land package secured, two significant discoveries delineated and drill rigs mobilized in Namibia, the company is entering an active exploration phase aimed at delivering meaningful value creation for shareholders.
Dave Underwood, chief executive officer of Ongwe Minerals, commented:
"Today's listing on the TSX Venture Exchange is a defining moment for Ongwe and our shareholders. It reflects years of dedication, strong technical foundations and the confidence of our investors in our vision. We are building a new generation Namibian gold explorer, backed by an exceptional team and a proven track record of discovery and value creation. With capital in hand and a highly strategic land position in a world-class gold belt, we are focused on executing our strategy and working toward our goal of delivering the next major discovery."
With experienced leadership, strong capital markets support and a proven discovery pedigree, Ongwe is well positioned to capitalize on the growing interest in high-quality gold exploration opportunities. The company's management team and technical partners bring deep regional expertise and a demonstrated ability to advance projects from discovery through to development and monetization.
Ongwe remains committed to disciplined exploration, responsible development and transparent engagement with its shareholders as it advances its growth strategy in Namibia.
We seek Safe Harbor.
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