O2Gold Inc. is pleased to announce 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 [...]
O2Gold Inc. today announced that Roger Lemaitre has been appointed as a director of the Company, effective immediately. Mr. Roger Lemaitre is a Professional Engineer and Geologist with more than 30 years of professional experience with both senior and junior mining companies. Mr. Lemaitre held the position of President & CEO of UEX Corporation, a TSX-listed company until 2022, and was CEO and Executive Director of URU [...]
O2Gold Inc. is pleased to announce that it has closed its previously announced non-brokered private placement financing . The Company issued 10,000,000 units at a price of $0.05 per Unit for gross proceeds of $500,000. For more information on the Offering, please see the Company's press release dated September 14, 2022, which is available under the Company's profile on SEDAR at www.sedar.com. Pursuant to the Offering [...]
O2Gold Inc. announces that it intends to complete a best efforts non-brokered private placement financing of up to 10,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $500,000 . Each Unit will consist of one common share of the Company and one Common Share purchase warrant . Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of $0.075 for a period of 12 [...]
O2Gold Inc. announces that its board of directors has authorized the implementation of a consolidation of the Company's common shares on the basis of one post-Consolidation Share for every ten pre-Consolidation Shares, effective September 13, 2022 . O2Gold currently has 134,395,870 Shares issued and outstanding. Following completion of the Consolidation, the Company will have approximately 13,439,587 Shares issued and [...]
O2Gold Inc. is pleased to announce that Fred Leigh has been appointed as the president and chief executive officer of the Company, effective immediately. Mr. Leigh has almost 40 years of experience working with early-stage companies and has had a significant role as founder, director and/or investor in many public companies. He is also the founder and President of VC7K Capital Inc., a privately held company which, for [...]
O2Gold Inc. is pleased to announce that Peter Michel has been appointed as the chief financial officer of O2Gold, effective immediately. Peter Michel is a CPA, CA and obtained a Bachelor of Accounting and Financial Management from the University of Waterloo. Mr. Michel formerly served in leadership roles in both public and private companies with most recent focus in healthcare. Additionally, he worked as a Senior Manager [...]
O2Gold Inc. announced today that, in an effort to preserve cash and strengthen its financial position, it has temporarily suspended its Colombian mining operations, effective immediately for an indefinite period. Management continues in its efforts to secure additional financing and, in parallel, evaluate various strategic alternatives to maximize shareholder value. Management remains committed to restarting its Colombian [...]
This week, a director of O2Gold Inc. , Robert W. Allen, released a statement regarding historical sales of O2Gold's common shares held by Bullet Holding Corp. , a company controlled by Mr. Allen, a forthcoming transfer of additional shares held by Bullet, and his commitment to assist management in any future financings. Allen's statement and Bullet's press release can be found at [...]
O2Gold Inc. announces today the resignations from its board of directors of Fayyaz Alimohamed and Raziel Zisman, effective immediately. The board and management of the Company express their gratitude to Messrs. Alimohamed and Zisman for their efforts and extensive contributions and wish them well in their future endeavours. About O2Gold O2Gold is a mineral exploration company with activities in Colombia. The Company's [...]
O2Gold Inc. is pleased to announce that a second campaign of ground geophysics has increased the overall projected vein extensions and identified three new veins in the brownfield targets of Aparecida, Esmeralda, and Botella. The Company has completed 4,000 meters of drilling, which has yielded an average grade of 7.44 g/t Au in Aurora. Highlights Spontaneous potential ground geophysics increased the vein extensions in [...]
O2Gold Inc. is pleased to announce that Mr. Ryan Ptolemy has been appointed as the chief financial officer of O2Gold. Mr. Ptolemy is a CPA, CGA and CFA charter holder who also attained a Bachelor of Arts from Western University. Mr. Ptolemy serves as chief financial officer to many public and private companies in the resource sector, particularly development-stage companies. Mr. Ptolemy formerly served as chief financial [...]
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