Exploration company O2Gold announces that it has entered into a share exchange agreement dated March 21, 2024 with Quebec Aur Ltd., a private Ontario corporation, and its shareholders, respecting the purchase of a gold mining exploration property in Quebec through the acquisition of all of the issued and outstanding shares of the Target from the Shareholders.
The property consists of 288 mining exploration claims in Quebec.
Pursuant to the Agreement, O2Gold has agreed to issue 5 million of its common shares to the Shareholders in exchange for all of the issued and outstanding shares of the Target, at a deemed price per share of $0.05, representing an aggregate amount of $250,000.
In addition, the Company announces a non-brokered private placement financing of up to 5,000,000 Common Shares at a price of $0.05 each.