O2Gold Terminates Quebec Aur Transaction
TORONTO, April 14, 2026 (GLOBE NEWSWIRE) -- O2Gold Inc. (NEX:OTGO.H) (" O2Gold " or the " Company ") announces today that it has elected to not extend the term of the share exchange agreement entered into with Quebec Aur Ltd. ("Quebec Aur") and Quebec Aur's shareholders dated effective April 15, 2024, as amended, (the " Agreement ") pursuant to which the Company anticipated acquiring a gold mining exploration property in Quebec (the " Acquisition "). As a result the Agreement has been terminated and the Acquisition will not be completed. The Company has also cancelled its previously announced non-brokered private placement financing of 18 million units and 16 million flow-through common shares (the " Offering ") and its previously announced shares for debt settlement agreement, pursuant to which the Company intended to issue 7,000,000 of its common shares to settle all amounts owing by the Quebec Aur to Q-Gold Resources Ltd (the " Settlement "). The Company continues to evaluate a range of strategic alternatives, including potential acquisitions, joint ventures, asset transactions, and other corporate opportunities. While discussions with third parties may be ongoing from time to time, no assurance can be given that any alternative transaction will be identified or completed, nor as to the terms or timing of any such transaction. The Acquisition and Settlement are more fully described in the Company's press releases dated April 15, 2024, April 23, 2024, April 24, 2024, ... Full story available on Benzinga.com
